Rona could receive $143 million by resetting rate for preferred shares
Canadian home hardware and renovations company Rona Inc. to receive up to $143 million in gross proceeds by turning to the market to reset rate on its preferred shares.
Resona Holdings Inc., Japanâ??s fourth-biggest bank, said it will buy back preferred shares for 425.7 billion yen from the Japanese government as a part of its efforts to repay public funds.