0000060667-12-000179.txt : 20120917 0000060667-12-000179.hdr.sgml : 20120917 20120917170925 ACCESSION NUMBER: 0000060667-12-000179 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120917 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120917 DATE AS OF CHANGE: 20120917 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LOWES COMPANIES INC CENTRAL INDEX KEY: 0000060667 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS [5211] IRS NUMBER: 560578072 STATE OF INCORPORATION: NC FISCAL YEAR END: 0201 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07898 FILM NUMBER: 121095596 BUSINESS ADDRESS: STREET 1: 1000 LOWE'S BLVD. CITY: MOORESVILLE STATE: NC ZIP: 28117 BUSINESS PHONE: 7047581000 MAIL ADDRESS: STREET 1: P.O. BOX 1000 CITY: MOORESVILLE STATE: NC ZIP: 28115 8-K 1 lowes8k09172012.htm FORM 8-K lowes8k09172012.htm


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 

FORM 8-K

 
CURRENT REPORT
 
Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of report (Date of earliest event reported)
September 17, 2012
 

 
GRAPHIC
 
LOWE’S COMPANIES, INC.
(Exact Name of Registrant as Specified in its Charter)
 

 
North Carolina
   
1-7898
   
56-0578072
(State or Other Jurisdiction
of Incorporation)
 
(Commission File
Number)
 
(IRS Employer
 Identification No.)
 
1000 Lowe's Blvd., Mooresville, NC
28117
(Address of Principal Executive Offices)
(Zip Code)
   
   
Registrant’s telephone number, including area code
(704) 758-1000
 

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 
 
Item 8.01.   Other Events.  
 
On September 17, 2012, Lowe’s Companies Inc. (the “Company”) announced that it has withdrawn its non-binding proposal dated July 8, 2012 to the Board of Directors of RONA Inc. (“RONA”) to acquire all of the issued and outstanding common shares of RONA for C$14.50 cash per share.
 
A copy of the press release announcing the Company’s withdrawal of its non-binding proposal is furnished as Exhibit 99.1 and incorporated herein by reference.
 
Item 9.01.
  Financial Statements and Exhibits.  
 
(d)   Exhibits.  
       
    99.1 Press Release dated September 17, 2012 announcing the Company's withdrawal of its non-binding proposal to acquire RONA for C$14.50 cash per share
 
 
 
 

 

SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 

  LOWE'S COMPANIES, INC.  
       
Date: September 17, 2012
/s/ Gaither M. Keener, Jr.  
  By: Gaither M. Keener, Jr.  
    Chief Legal Officer, Chief Compliance  
    Officer and Secretary
 

 
 

 

INDEX TO EXHIBITS
 
 
     
Exhibit No.
 
Description
   
 
99.1
 
Press Release dated September 17, 2012 announcing the Company’s withdrawal of its non-binding proposal to acquire RONA for C$14.50 cash per share

 
 

 

EX-99.1 2 exhibit991.htm PRESS RELEASE exhibit991.htm
Exhibit 99.1
LOWE'S LOGO

 
September 17, 2012
 
For Immediate Release
                                                                                          
 Contacts:  Shareholders’/Analysts’ Inquiries:    Media Inquiries:
  Tiffany Mason   Chris Ahearn
  704-758-2033   704-758-2304
  tiffany.l.mason@lowes.com    chris.c.ahearn@lowes.com 
 
                                                                      
LOWE’S WITHDRAWS PROPOSAL TO RONA BOARD

MOORESVILLE, N.C., — Lowe’s Companies Inc. (NYSE: LOW) announced today it has formally withdrawn its non-binding proposal dated July 8, 2012 to the Board of Directors of RONA Inc. (TSX: RON) (“RONA”) to acquire all of the issued and outstanding common shares of RONA for C$14.50 in cash per share. Lowe’s has repeatedly attempted to engage the Board of Directors of RONA with respect to its proposal in order to conduct confirmatory due diligence and move forward with a friendly, negotiated transaction.

Lowe’s continues to believe that a combination of Lowe’s and RONA makes business sense and would create significant value for all stakeholders. It is unfortunate that the RONA Board of Directors did not recognize the important economic and commercial benefits of this proposal for its stakeholders and for Canada.   Lowe’s remains committed to the Canadian market and will continue delivering outstanding home improvement products and services to its Canadian customers.
 
ABOUT LOWE’S
With fiscal year 2011 sales of $50.2 billion, Lowe’s Companies, Inc. is a FORTUNE® 100 company that serves approximately 15 million customers a week at more than 1,745 home improvement stores in the United States, Canada and Mexico. Founded in 1946 and based in Mooresville, N.C., Lowe’s is the second-largest home improvement retailer in the world. For more information, visit Lowes.com.

 
Forward-Looking Statements
 
This news release includes “forward-looking statements” including those regarding that a combination of RONA and Lowes makes enormous business sense and would create value for all stakeholders and its decision to explore other alternatives in Canada. Statements including words such as “anticipate”, “believe”, “estimate” or “expect” and statements in the future tense are forward-looking statements. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that could cause actual events or actual future results to differ materially from the expectations set forth in these forward-looking statements. Although the company believes that the expectations, opinions, projections, assumptions and comments reflected in forward-looking statements are reasonable, it can give no assurance that such statements will prove to be correct.  Some of the factors which could cause results to differ materially from the expectations expressed in these forward-looking statements include the following: the possibility that a combination of RONA and Lowes would not make enormous business sense or create value for all stakeholders, the possibility that Lowes may not find suitable alternatives in Canada,  the effect of the announcement of the withdrawal of the non-binding proposal on Lowe’s and RONA’s strategic relationships, operating results and businesses generally; failure to realize the expected benefits of the combination; and general economic conditions.  For more information about these and other risks and uncertainties that we are exposed to, you should read the “Risk Factors” and “Critical Accounting Policies and Estimates” included in our Annual Report on Form 10-K to the United States Securities and Exchange Commission (the “SEC”) and the description of material changes therein or updated version thereof, if any, included in our Quarterly Reports on Form 10-Q.
The forward-looking statements contained in this news release are based upon data available as of the date of this release or other specified date and speak only as of such date. All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf about any of the matters covered in this release are qualified by these cautionary statements and in the "Risk Factors" included in our Annual Report on Form 10-K to the SEC and the description of material changes, if any, therein included in our Quarterly Reports on Form 10-Q. We expressly disclaim any obligation to update or revise any forward-looking statement, whether as a result of new information, change in circumstances, future events, or otherwise, except as required by law.
 
###

 
 
 

 

GRAPHIC 3 lowesgraphicimage.jpg GRAPHIC begin 644 lowesgraphicimage.jpg M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``@&!@<&!0@'!P<)"0@*#!0-#`L+ M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7& MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$! M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$" M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$ MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4 MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#W^BBB@`HH MHH`2BH+F[M[.,R7$R1)ZL<5P^O\`Q3TC2PT=K_I$P_+\O\<4XQM@# M)P`.YKFM:\;Z)HT1,MRLKCHJ'C\_\,UXIX@^).M:RS1I(88CT4=/RKD9II9G M:2:1W8]V.:[J6`J3UEHVK\CTK7_B_J%WOBTU/(3LRD@_GU_E3-!^+ MFHV.(M14SQ#NWS?_`%Z\TQWQWHY`Z5W+`4^6QR?VA4YKV5NW_!/IO1?'>B:S M&OESB*0CD.>/S_QQ73(RNH9<%3R".:^08I'@D#PNT;>JG%=7H/Q$UK1'"^1>9;S)(GJIZ?7TKAE%Q=F=/2_0M4445(!1110!FMK&FQ2.DE["LJ':R MENAKCOB/K<7_``C1DTZ[0SQONS&P./K7EOQ&DDC\97821E^=SP2/XVKDFFE9 M6!EH+&N^A@I5(J=S"KBJ=*7+JVK&P/%VN?\_K?]\C_"@^+];Z?;#_`-\C M_"O0+3X1Z;<>&(=5.I78DDLEN"@5=H)3=@<=*\DQ\O`KNI4\-5NHK8X:F(Q$ M-9/?T-2Z\0ZK>IY:S.@KT_PG\,-/\`$/A.WUB: M_NH99!(2B*N!M8CT]JPQ#HI7J(Z:$JU[09Q?_"6ZY_S_`#?]\C_"C_A+=(LLA!!D M.,\M_P#6KN4UG3'<*E]`78X`#YR:^3Q+(F%65P/0,>/I72^`I9'\76:M([#> MO!.>]>;7P3A%SOH>E2Q4*LN57N_(E^)?'C.\_P!]_P#T-JY'UKKOB5_R.=Y_ MOO\`^AM7(UZ&$_@(\[&_QW\OR1]0:;_R3FS_`.P4G_HH5\O\[*^H--&/AS9X M'_,*3_T4*^7A]T^EUQ,HMZ&E.7)04DCT_QIXH[D5U'B'_DG>H_]@Q__`$6:P_@Z M/^*#3_KYD_F*YU*7L6K]3?E7M5IT.;\&:?9S?%SQ+;RVL$D48EV(T:E5_>+T M%/\`$^GV<7QD\/6T=G;I"\2%HUB4*?F?J/\`/2IO`_\`R63Q0?:;_P!&K4GB MP'_A=OALX_Y9)S_P*2M>9^TW^S^ADDN3Y_J6?B[IMA:>"O,M[*WAD^TQC='$ MJG&&[@5T7A?2=*'@S29Y]/M&_P!!B=W:!23\@))XK(^,O_(B_P#;U'_)JZ3P MHB2>!](23!0V$0;/IL&:QU?H<^?&?PXP<2V&?^O%O_`(BO/O#? MC'7)/$$'AW2[FWBTZ>\=4/D`D1LY8D9]B<5WY\!?#I0'?AUH M,;M;BWM-XC588]SNV,\GN>"$FW%_'`[Q^:GDS!@I(PW\7 MTR:VM*\3>&/'^EBRN!"TL@_>6-SPZM_L^N/5?TKA/&WPF73+.?5-!D>2&)3) M+;2G+*HY)4]\>AY]STK"E&*E:HVI&U24G&\$FC@=3U6"^L+>WCLQ$T7\0`X& M.@XY_P#K#ZG0\`#_`(K&SX_C7^=>3QC>M%$[CS'&5&?XVKE?LER%Q] MGE_[YK/"U(*BDV:8RA4E5I M%;WB?X;:5XKU9=2O+N]BE$:QA860+@9]5/K7@"S:Q%>M>I+?+=M]Z=782'_@ M74U9_MWQ3G_D*ZO_`.!,G'ZTY4&Y\ZJ),4'-1Y)0=CZ'\7&*R\"ZJKR!42QD M0,QZG;@?B3BN>^#7>N:@@2]NM0N47D+-([ MCZ\TRSFU?3F8V$E[:LW#&!V0G\J%AH^R<>=7;&YU.=2Y&?1FF>#]/T/Q%J7B M*.YN//O`YE65E\M`6#$C@'MW-2ZAX2L=4\46/B"6>X%S9J%C1"NQADGGC/\` M%ZU\[S:MXDN8'AN-0U26)QAT>>1E(]",TB:MXD@A6&+4-5CC085$N)``!T`& M:CZJ]^=7*YY;>S=CV7XS31IX,2-F`>2Z3:.YP"3^E=1X6B6;P/I,3'`?3XE. M/>,5\U7DNKZ@P:^>\NF7A6G=G(^F:L1ZOXEMXDBAU'58XD4*J)/(`H]`,U3P MT>114UH0IU.=RY&>O'X(^'@#C4-4_P"_D?\`\17D5EI5O/XR@TARYMWU`6S$ M'#;=^WKZXIW]M^*O^@IK'_@3)_C68;>]:4RF*?S"VXN0=V?7-=%&+@FI5$S& MK2E*SC!H]7U'X'R"7S-)U@`9R$N4P5_X$O\`A7HL./#7@\?VS?FY^RVY\^:3 MJ_MSR?0=S7@%GXI\86*[+?5-1"8Z.Q<#_OK-5M5UOQ)KBJFIW5Y"?)!W,/L:Z?P`,>,+/_`'U_G7/_`&2YP0;:3_ODUTG@ M2":+Q;9/)$R+O7DCOFNG$U(.C))F>$H5(UE*46EJ>ZRV-G)-$]8!IEA@_P"@VW_?I?\`"@:988/^@VW_`'Z7 M_"BBD`#3+#!_T&V_[]+_`(4G]FV&%_T*V_[]+_A110)BC3+#!_T*V_[]+_A0 M-,L,'_0K;_OTO^%%%`P?3+#G_0K;H?\`EDO^%`TVPQ_QY6W_`'Z7_"BB@`&F M6&#_`*#;?]^E_P`*!IMAC_CRMO\`OTO^%%%`"C3;#'_'E;?]^E]_:@:;88_X M\K;_`+]+[^U%%(0#3;#;_P`>5M_WZ7W]J0:;88_X\K;_`+]+_A113`!IEAEO =]"MO^_2_X5-%IMBMS$196X.\=(E]_:BBCH,__]D_ ` end