Subsequent Events

3 Months Ended

Apr. 29, 2016

Subsequent Events

Subsequent Events

Note 12: Subsequent Events - On May 20, 2016, the Company acquired all of the issued and outstanding common shares of RONA for C$24 per share in cash, for a total transaction price of approximately C$3.2 billion, net of cash received and inclusive of debt assumed.  RONA is one of Canada’s largest retailers and distributors of hardware, building materials, home renovation, and gardening products. The acquisition will enable the Company to accelerate its growth strategy by significantly expanding its presence in the Canadian home improvement market. Due to the limited time since the acquisition date, the Company has not yet completed the initial accounting for this business combination.