Top Rona shareholder Invesco seeks to replace board

Wed Nov 14, 2012 9:22am EST

Nov 14 (Reuters) - One of Rona Inc's biggest shareholders said on Wednesday it plans to request a shareholder meeting to replace the Canadian home improvement chain's board of directors.

Invesco Canada Ltd controls about 10.16 percent of Rona, it said in a release.

Rona's longtime chief executive, Robert Dutton, stepped down on Friday following disappointing quarterly results, reviving speculation that the company is in play.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.