Lowe's withdraws C$1.8 billion proposal to buy Rona

Lowe's withdraws C$1.8 billion proposal to buy Rona: (Reuters) - Lowe's Cos Inc said on Monday it has withdrawn its C$1.8 billion ($1.86 billion) proposal to buy Rona Inc in the face of opposition to the unsolicited bid from the Canadian home improvement retailer, its dealers and from politicians in Rona's home province of Quebec.