Home Depot in $10 bln deal to sell unit: sources
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Home Depot Inc.  has agreed to sell its supply division to three private equity firms for about $10 billion, sources said on Tuesday, unloading a business built up by the home improvement retailer's former chief executive.
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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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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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Home improvement retailer Home Depot Inc.  on Tuesday said it would repurchase $22.5 billion in stock and sell its supply division to three private equity firms for $10.3 billion as it refocuses on its core retail business.
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Retailer Kmart Holdings Corp. (KMRT.O: Quote, Profile, Research) on Monday finalized a deal to sell 18 of its stores to Home Depot Inc.
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Shares of The Home Depot Inc. rose almost 2 percent Monday as investors awaited word of a deal that the retailer was selling its wholesale distribution business for nearly $2 billion less than originally planned.
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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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ATLANTA, Aug. 26 -- Home Depot has tentatively agreed to sell its wholesale distribution business to a group of private-equity firms for $1.8 billion less than originally planned, and it will retain a small stake in the unit, a person with direct knowledge of the situation said Sunday.
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Home Depot Inc  said on Tuesday that it would sell its wholesale supply business to buyout firms for $8.5 billion -- 17 percent less than previously agreed upon -- as the slumping housing industry and recent credit crunch forced the renegotiation of the deal.
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Home Depot reached a tentative new agreement today to sell its wholesale unit to a consortium of private equity firms for a reduced price of $8.5 billion, according to people involved in the deal.
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U.S. home improvement retailer Home  Depot Inc.  said on Wednesday it had signed an agreement  to buy Chinese home improvement retailer The Home Way, giving  it a retail presence in China with 12 stores in six cities.
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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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Home improvement retailer Home Depot Inc.  on Tuesday cut its 2007 earnings outlook, citing weakness in the U.S. housing market, and said it was launching a tender offer for 250 million shares.
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Retailer Kmart Holdings Corp. (KMRT.O: Quote, Profile, Research) on Monday said it finalized a deal to sell 18 of its stores to Home Depot Inc.
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US retailer Home Depot reached a tentative new agreement Sunday to sell its wholesale unit to a consortium of private equity firms for a reduced price of 8.5 billion dollars, The New York Times reported on its website.
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Home Depot Inc.  has agreed to sell its supply division to three private equity firms, sources said on Tuesday, in a roughly $10 billion deal that unloads a business the home-improvement retailer's former chief executive worked to expand.
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Shares of Home Depot Inc. (HD.N: Quote, Profile, Research) , the largest US home improvement retailer, may extend gains amid solid expected growth in sales of homes and home improvement