Hedge fund D.E. Shaw & Co has built an active stake in home improvement chain Lowe’s Cos Inc (LOW), CNBC reported on Friday, citing sources.
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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.
Lowe’s shares touched a record high of $102.28 in late-afternoon trading.