Home Depot Agrees to Sell Supply Unit
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The unit was sold for $10.3 billion to a group of private equity firms that will take an equal stake in the company.
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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 Depot Inc., the world&#39;s largest home improvement retailer, agreed to pay $5.5 million to settle discrimination claims brought by some workers at its Colorado stores
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Retailer Kmart Holdings Corp. (KMRT.O) on Monday said it finalized a deal to sell 18 of its stores to Home Depot Inc. (HD.N) for &#36;271 million.
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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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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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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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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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TROY, Mich. -- Kmart says the final agreement with The Home Depot means it&#39;s selling 18 stores to the home-improvement chain for $271 million.
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Talks over restructuring a $10.3 billion deal to sell Home Depot's wholesale distribution business went down to the wire yesterday, the expected closing date for the agreement.
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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 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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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 REGION Bain Capital LLC and two other buyout firms agreed to buy Home Depot's contractor supply business for $10.3 billion. The Boston firm and its partners, Carlyle Group of Washington, D.C., and Clayton, Dubilier &amp; Rice Inc. of New York, are expected to close the deal for HD Supply in the next few months. The wholesale unit is the ...
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Will the HD Supply drama spawn any sequels? That&#8217;s the question lingering in market watchers&#8217; minds after Home Depot agreed on Sunday to make several concessions in the sale of its wholesale supply unit, including lowering the price by $1.8 billion and keeping a sizable stake in the unit. As the credit markets remain frozen, anxious [...].
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Fannie Mae , the embattled U.S. home financing company, on Wednesday said it agreed to sell &#36;5 billion in preferred stock to institutional buyers as part of an effort to comply with regulatory demands to increase capital.
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Home Depot Inc  said on Tuesday it agreed to cut the price of its supply division sale to buyout firms by $1.8 billion, as a housing market drop and a credit crunch forced all sides to renegotiate.