Home Depot Weighing Sale of Supply Unit
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ATLANTA -- The Home Depot Inc., the world's largest home improvement store chain, said Monday it will consider shedding its division serving contractors, homebuilders and other business customers, distancing itself further from the strategies advanced by former Chief Executive Bob Nardelli. Its...
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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 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.
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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 on Tuesday that its board approved the sale of its supply unit for $10.3 billion to private equity firms.
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Home Depot Inc.  said on Monday that investment firm Relational Investors LLC intends to submit a proposal asking the company to appoint a special committee of independent directors to evaluate its direction, management performance and strategic alternatives.
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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 cut its 2007 earnings outlook on Tuesday, citing weakness in the U.S. housing market and said it was launching a tender offer for 250 million shares.
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Home Depot has reached a deal with a consortium of private-equity firms headed by Carlyle Group to sell its supply arm, HD Supply, for $8.5 billion, down from its original price of $10.3 billion, according to sources close to the negotiations.
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The Home Depot Inc. announced Tuesday it will sell its wholesale distribution business to a group of private equity firms for $10.3 billion.
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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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Kmart Holding Corp. will sell 18 stores to Atlanta-based The Home Depot Inc. for $271 million. Home Depot had previously agreed to buy up to 24 Kmart (Nasdaq: KMRT) stores for a price of up to $365 million.
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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 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 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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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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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 ...