Lowe’s covets Rona shares

Lowe’s has boosted its offer for Rona’s remaining preferred shares, more than four months after the U.S. home renovation retailer closed its $3.2-billion takeover of its Canadian rival. Lowe’s is offering a total of $165.5 million, or $24 per share in cash, to the holders of the 6.9 million preferred shares. The preferred shareholders rejected a $20 per share offer in March.