MONTREAL, July 31, 2012 /CNW Telbec/ - As a RONA inc. shareholder, the Fonds de solidarité FTQ supports the Quebec company's Board of Directors' unanimous decision made public today to reject the unsolicited purchase offer made by U.S.-based Lowe's.
The Fonds de solidarité FTQ supports the Board's decision keeping in mind its key mission to support Quebec job creation and economic development, while offering its shareholders a reasonable return on investment.
The Fonds de solidarité FTQ also has confidence in RONA's management team, as well as in its business plan.
About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ helps drive our economy. With net assets of $8.5 billion as of May 31, 2012, the Fonds is a development capital investment fund that channels the savings of Quebecers into investments in all sectors of the economy to help further Québec's economic growth. Its investments, in all sectors of the economy, contribute to the creation and maintenance of businesses and development in Quebec. The Fonds is a partner, either directly or through its network members, in 2,239 companies. With its 594,287 owner-shareholders, it has helped, on its own or with other financial partners, to create, maintain and protect 168,577 jobs. For more information, visit www.cyberfondsftq.com.
SOURCE: FONDS DE SOLIDARITE FTQ
For further information:
Information for media only
Senior Advisor for Media Relations and Communications
Fonds de solidarité FTQ
Phone: 514 850-4835
Mobile: 514 703-5587