Failed $2B Lowe's Bid Shows Timing Is Key In Canadian Deals

Law360, New York (September 17, 2012, 9:13 PM EDT) -- Lowe's Cos. Inc. on Monday dropped its CA$1.76 billion ($1.81 billion) takeover offer for Rona Inc. after failing to negotiate a friendly deal with Canada's biggest home improvement chain, a cross-border stumble that experts say should remind the flood of U.S. retailers planning a northern expansion that timing is everything.

Fierce competition from online retailers like Inc. and a stubborn dip in consumer spending have sent U.S. companies looking to Canada, where the recession touched down lightly. Fueled by a strong dollar and a taste...
To view the full article, register now.