(Reuters) - Canadian home-improvement retailer Rona Inc , the target of a C$1.8 billion takeover proposal by U.S.-based Lowe's Cos Inc earlier this year, said it expects to dispose of non-core assets and redeploy capital to leverage core assets.
The company wants
to improve its retail EBITDA (earnings before interest, tax,
depreciation and amortization) margin in line with industry standards
under the leadership of acting Chief Executive Dominique Boies, who joined Rona in 2011, the company said in a statement.
Lowe's withdrew its
unsolicited offer buy Montreal-based Rona in mid-September in the face
of stiff opposition from Quebec province politicians and many of the
company's independent dealers.
Rona's longtime
chief executive, Robert Dutton, stepped down last month following
disappointing results, prompting speculation that the company could be
back in play.
Rona says looking to sell non-core assets
This article
Rona says looking to sell non-core assets
can be opened in url
http://newsbusinessss.blogspot.com/2012/12/rona-says-looking-to-sell-non-core.html
Rona says looking to sell non-core assets
