Home Depot sells unit at discount
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DIY chain Home Depot sells its supply unit to a private equity group for almost $2bn less than originally agreed.
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Home Depot Inc  raised its fiscal-year earnings forecast slightly on Monday after the home-improvement retailer agreed to buy back 289.3 million shares of its common stock for $10.7 billion.
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Home Depot agreed to sell its construction supply division to three private-equity firms for $10.3 billion, unloading one of the last legacies of its former chief executive, Robert Nardelli.
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The Home Depot Inc. 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.  has agreed to sell its supply division for more than $10 billion, sources close to the deal said on Tuesday.
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Home Depot  is expected to sell $5 billion in a three-part debt sale this week, according to a market source familiar with the sale.
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Home Depot Inc. HD.N, looking to  expand its share of the home appliance market, on Tuesday said  it will begin selling refrigerators and other items online,  something its top two competitors have done for years.
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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 Inc.  said on Monday it was considering a sale, spin-off or initial public offering of its professional supply business to focus on its retail stores, reversing a controversial policy of former CEO Robert Nardelli to expand the unit.
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Home Depot Inc  agreed to cut the price in its supply division sale to private equity firms by $1.8 billion, sources said on Sunday, as the auction fell victim to the credit crunch and a housing market decline.
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Home Depot Inc. said on Monday it was considering a sale, spin-off or initial public offering of its professional supply business to focus on its retail stores, reversing a controversial policy of former CEO Robert Nardelli to expand the unit.
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Home Depot Inc.  is considering a sale, spin-off or initial public offering of its wholesale distribution unit, HD Supply, as it focuses on its retail business, the company said on Monday.
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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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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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Shares of Home Depot Inc.  rose 2  percent on Monday after published reports, citing unnamed  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 Depot, America&#39;s biggest home products retailer, reached a deal to sell its wholesale supply arm for over 10 billion dollars to three private equity firms, US media reports said Tuesday.
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The home improvement giant said it's considering selling its wholesale supply business.