Advertisement
Salem Radio Network News Tuesday, January 16, 2018

Business

D.E. Shaw takes stake in Lowe’s: CNBC

(Reuters) – Hedge fund D.E. Shaw & Co has built an active stake in home improvement chain Lowe’s Cos Inc <LOW.N>, CNBC reported on Friday, citing sources.

D.E. Shaw is concerned about Lowe’s performance relative its peers and is not pushing for consolidation with another home retailer at this time, according to the report. (http://cnb.cx/2Daaw3y)

Lowe’s shares touched a record high of $102.28 in late-afternoon trading.

(Reporting by Uday Sampath in Bengaluru; Editing by Shounak Dasgupta)

Previous
Next
AdvertisementAdvertise with Us
Advertisement
Advertisement

Editorial Cartoons

View More » 15157890145167919UbpGaqMIm

Gary Varvel
Sat, Jan 13, 2018

Advertisement
Advertisement
Advertisement
X CLOSE