Lowe's backs Masters JV: report

US giant extends option to sell out of $2bn partnership with Woolworths.

United States home improvement group Lowe's has extended an option to sell out of its $2 billion Masters joint venture with Woolworths Ltd, The Australian Financial Review reports.

According to the newspaper, Lowe's has pushed back an option that allows it to exit the partnership by one year, to October 2014.

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