Home Depot to cut unit sale price by $1.8 bln: sources
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Home Depot Inc  agreed to cut  the price in its supply division sale to buyout firms by $1.8  billion, sources said on Sunday, as a housing market drop and a  credit crunch forced all sides to renegotiate.
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Home Depot Inc  agreed to cut the price in its supply division sale to buyout firms by $1.8 billion, sources said on Sunday, as a housing market drop and a credit crunch forced all sides to renegotiate.
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The Home Depot Inc. and a group of private equity firms are discussing cutting the $10.3 billion price on the company's proposed sale of its wholesale distribution business by about $1 billion, a person with direct knowledge of the situation said Friday.
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Shares of Home Depot Inc. HD.N, the  largest U.S. home improvement retailer, may extend gains amid  solid expected growth in sales of homes and home improvement  products, according to the latest edition of Barron's, the  weekly financial newspaper.
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Discount retailer Kmart Holding Corp. said Monday that it finalized a transaction to sell 18 stores to Home Depot Inc. for a total price of &#36;271 million in cash.
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Offers for Home Depot Inc.&#39;s   supply division are due on Friday, according to a source  involved with the deal, with two groups of private equity firms  expected to be among the remaining bidders.
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Home Depot Inc. , the world's  largest home improvement retailer, reported lower  fourth-quarter profit on Tuesday as the weak U.S. housing  market hurt sales at its retail stores, which declined 2  percent.
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Home Depot Inc.  forecast a bigger decline in 2007 profits on Tuesday, citing weakness in the U.S. housing market and the sale of its supply unit.
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Home improvement retailer Home Depot  Inc , pressured by the slumping housing market, on  Thursday said it would cut 500 jobs at its Atlanta store  support center, or about 10 percent of the headquarters staff.
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U.S. home improvement chain Home Depot Inc.  said on Wednesday it would buy Chinese retailer The Home Way, marking its first foray into retailing in fast-growing China.
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Shares of Home Depot Inc.  rose as much as 2 percent on Monday after sources said the home improvement retailer agreed to cut the price in the sale of its supply unit by $1.8 billion to $8.5 billion.
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ATLANTA -- The Home Depot Inc. has tentatively agreed to sell its wholesale distribution business to a group of private equity firms for $8.5 billion, or $1.8 billion less than originally planned, a person with direct knowledge of the situation said.
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Home improvement retailer Home Depot Inc.  on Tuesday cut its 2007 earnings outlook, citing weakness in the U.S. housing market.
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Home Depot  is close to accepting about $1.2 billion less for the sale of its wholesale distribution business to three private equity firms, The Wall Street Journal reported on Thursday.
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Home Depot agreed today to sell its commercial supply business to a consortium of private equity firms for $8.5 billion, nearly $2 billion less than the original agreement.
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- Home Depot Inc  said it completed the sale of its wholesale supply business, HD Supply, to buyout firms on the same terms announced earlier this week.
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Home improvement retailer Home  Depot Inc.  said on Wednesday it decided to repurchase  $22.5 billion in stock and risk a lower credit rating instead  of maintaining its current capital structure.