RONA Buys Back $283 Million of its Debentures in Modified Dutch Auction Offer and Withdraws Offer 2
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RONA inc. announced today the expiration and results of the first offer ("Offer 1") of its previously announced Offers (as defined below). Offer 1, which has been conducted as a modified "Dutch Auction", expired at 5:00 p.m., Montreal time, on November 28, 2011.
As announced on November 3, 2011, Offer 1 was the first of two successive offers to purchase for cash (collectively, the "Offers"), a portion of RONA’s 5.40% Debentures due October 20, 2016 (Unsecured) (the "Debentures"). The terms and conditions of both Offers are set out in the offers to purchase of RONA dated November 3, 2011 (as they may be amended or supplemented from time to time, collectively the "Offer to Purchase") and the related Letter of Transmittal. Capitalized terms used and not defined herein have the meanings given to them in the Offer to Purchase.
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