On Monday, Shares of Lowe’s Companies, Inc. (NYSE:LOW), subtract 0.46% and closed at $70.97 in the last trading session. The last trading range of the stock ranges between $70.90 and $71.85. The company’s Market capitalization is $61.39 Billion with the total Outstanding Shares of 874.66 million. Lowe’s Companies, Inc. (LOW) (“Lowe’s”) and RONA inc. (RON.TO)(RON-PA.TO) (“RONA”) declared recently that Lowe’s, through a wholly owned partner, and RONA have reached a definitive agreement for the acquisition of RONA’s outstanding Cumulative 5-Year Rate Reset Series 6 Class A Preferred Shares and Cumulative Floating Rate Series 7 Class A Preferred Shares (collectively, the “Preferred Shares”) for C$24 per share in cash following a plan of arrangement under the Business Corporations Act (Québec).
The board of directors of RONA, after consultation with its financial and legal advisors, has unanimously approved the transaction and has resolved to unanimously recommend that holders of the Preferred Shares (the “Preferred Shareholders”) vote in favour of the transaction at a meeting of Preferred Shareholders to be held to consider the transaction. RBC Capital Markets has offered a fairness opinion to RONA’s board of directors that, subject to the assumptions, limitations and qualifications set out in such fairness opinion, and as of the date of such opinion, the consideration under the transaction is fair from a financial point of view to the Preferred Shareholders.
The transaction is subject to court approval and the requisite approval of the Preferred Shareholders. Assuming the required approvals are received, the transaction is expected to be consummated before the end of the year.
Silver Wheaton Corp. (USA)(NYSE:SLW), jumped 1.24% and closed at $22.86 in the last trading session. The last trading range of the stock ranges between $22.68 and $23.16. The company’s Market capitalization is $9.95 Billion with the total Outstanding Shares of 440.99 million. During the 52-week trading session the minimum price at which share price traded, registered at $10.04 and reached to max level of $31.35. Silver Wheaton Corp. operates as a precious metals streaming company worldwide. It has 19 long-term purchase agreements and 1 early deposit long-term purchase agreement associated with silver and gold regardingvarious 29 mining assets.
On the otherhand AngloGold Ashanti Limited (ADR)(NYSE:AU), remained flat and closed at $13.43 in the last trading session. The last trading range of the stock ranges between $13.26 and $13.59. The company’s Market capitalization is $5.47 Billion with the total Outstanding Shares of 408.20 million. During the 52-week trading session the minimum price at which share price traded, registered at $6.20 and reached to max level of $22.91. AngloGold Ashanti Limited operates as a gold mining and exploration company. The company also produces silver, uranium oxide, copper, and sulphuric acid. Its portfolio includes 17 mines in South Africa, Continental Africa, Australasia, and the Americas.