Home Depot to cut unit sale price by $1.8 billion
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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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Discount retailer Kmart Holding Corp. Monday announced that it finalized a transaction to sell 18 stores to Home Depot Inc. for $271 million in cash.
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ATLANTA -- Talks over restructuring a $10.3 billion deal to sell The Home Depot Inc.'s wholesale distribution business went down to the wire yesterday, the expected closing date for the agreement.
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Kmart and Home Depot have finalized the terms of their deal which will see the sale of 18 Kmart stores to the home-improvement super chain for $271 million in cash.
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Home Depot agreed yesterday to sell its commercial supply business to an alliance 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 it would sell its wholesale supply business to buyout firms for $8.5 billion -- nearly 18 percent less than previously agreed upon -- as the U.S. housing slump and recent credit crunch forced renegotiation of the deal.
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NEW YORK - Retailer Kmart Holdings Corp. on Monday said it finalized a deal to sell 18 of its stores to Home Depot Inc. for $271 million.
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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 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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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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Home Depot Inc.  has agreed to sell its supply division to three private equity firms, sources said on Tuesday, in a deal worth more than $10 billion.
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Home Depot Inc. , the world's largest home improvement retailer, posted a 28 percent drop in fourth-quarter profit on Tuesday as the weak U.S. housing market depressed sales.
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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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Report: Retailer could terminate as many as 1,200 positions stemming from stores sold to Home Depot.
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The Home Depot Inc. said Tuesday it will sell its wholesale distribution business to a group of private equity firms for $10.3 billion over the objection of some shareholders.
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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.
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Home Depot was scrambling last night to save the sale of its wholesale unit to a consortium of private equity firms, lowering its asking price by about $1.2 billion from the original $10.3 billion it agreed upon, people involved in the talks said.