Home Depot Unit Sold for Far Less in Tight Market
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The company was forced to drop the sale price of its commercial supply business by nearly $2 billion, one of the first big buyouts to be renegotiated as a result of the recent credit squeeze.
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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 Inc. , the world's largest home-improvement chain, doesn't expect the US housing market to improve until late next year.
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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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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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Home Depot  is close to accepting about $1.2 billion less for the sale of its wholesale distribution business to three private equity firms, The Wall Street Journal reported on Thursday.
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In move to expand home appliance market share, retailer offers free delivery for products over $299. CHICAGO  - Home Depot Inc.
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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 improvement retailer Home Depot  Inc  agreed to cut the price of its supply division sale  by $1.8 billion, a source familiar with the matter said on  Sunday.
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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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Lowest US oil inventories in 30 years may pinch consumers in heating and shopping season.
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Home Depot, the world&#39;s largest home-improvement retailer, said Tuesday it would sell its wholesale supply division to a private equity consortium for 8.5 billion dollars, a steep discount from the initial price.
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The home-furnishings retailer reports lower earnings but beats expectations.
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Home improvement retailer Home Depot Inc , pressured by continued weakness in the U.S. housing market, is expected to ramp down new-store openings this year and boost spending to maintain existing outlets, an analyst said on Friday.
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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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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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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.