UPDATE 3-Lowe's nominates directors after 'constructive' talks with D.E. Shaw [Reuters]
Lowe's Companies, Inc. (LOW)
Last lowe's companies, inc. earnings: 2/26 06:00 am
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Source: Reuters
Lowe's names two directors after talks with activist investor | Reuters 2 Min Read (Reuters) - Home improvement chain Lowe’s Cos Inc ( LOW.N ) appointed two independent board members and plans to add a third following talks with activist hedge fund D.E. Shaw & Co, sending its shares up 2 percent premarket. The appointments follow a report last week that D.E. Shaw had built an active stake in the $84 billion company and was concerned about its performance in comparison with peers. D.E. Shaw has not publicly commented about its stake or its plans for the retailer. It was not immediately available for a comment. The CNBC report cited sources saying that the hedge fund was not planning to push for consolidation with another home retailer at this time. Lowe’s same-store sales growth has lagged Home Depot’s for several years as the company focuses more on do-it-yourself customers compared with its bigger rival’s focus on professional contractors who bill more. Although Lowe’s stock gained
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- Santa Clara County sheriff arrests 13 in takedown of retail theft ring [CBS News]CBS News
- Lowe's kicks off partnership with Messi. How the soccer star could help the company [Yahoo! Finance]Yahoo! Finance
- Lowe's Teams Up with Lionel Messi, Inter Miami CF and CONMEBOL Copa América 2024 USA™ to Win Over Soccer Fans [Yahoo! Finance]Yahoo! Finance
- Lowe's Teams Up with Lionel Messi, Inter Miami CF and CONMEBOL Copa América 2024 USA™ to Win Over Soccer FansPR Newswire
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