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Lowe’s Companies Inc. made a splash Wednesday with its announcement of an $8.8 billion cash deal to buy Foundation Building Materials — an acquisition that comes less than two months after rival Home Depot Inc. said it was buying a different building-products maker for less money.
Shares of Lowe’s
LOW gained 0.3% as the home-improvement retailer also reported fiscal second-quarter results that beat expectations, a day after Home Depot HD missed profit forecasts.
This post was originally published on Market Watch
