Home Depot Sells Unit, Announces Stock Buyback
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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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Stocks rose on Wednesday as Home Depot Inc.'s  plan for a $22.5 billion share buyback underscored optimism about equity valuations, along with the growing allure of large-cap stocks, including General Electric Co. .
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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 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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Stocks rose on Wednesday as Home Depot  Inc.&#39;s  plan for a $22.5 billion share buyback  underscored optimism about equity valuations, along with the  growing allure of large-cap stocks, including General Electric  Co. .
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Shares in Home Depot rose 2.3 percent to $35.47 in early trading Monday on news that the sale of the companyâs wholesale supply unit, HD Supply, is still on track. The retailing giant agreed to trim the price to $8.5 billion as it prepares to sell the unit to Bain Capital, the Carlyle Group and [...].
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Stock futures rose on Wednesday, with Home Depot Inc.'s  plan for a $22.5 billion share buyback set to underpin demand for equities while investors await a batch of earnings reports, including Morgan Stanley's .
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Kmart finalizes a revised deal worth $271M, has an option to sell another store to Home Depot. NEW YORK  - Kmart finalized Monday a deal to sell 18 of its stores to Home Depot Inc.
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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 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 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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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 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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ATLANTA -- The Home Depot Inc. said Tuesday it has agreed to sell its wholesale distribution business to a private equity group for $8.5 billion _ about $1.8 billion less than originally agreed.
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Home Depot Inc. said Tuesday said it will begin selling home appliances on its company Web site. The home improvement retailer said consumers will be able to buy more than 1,800 products online, including
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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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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.