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Companies & Markets

Home Depot to buy HD Supply Holdings in US$8b deal

Published Mon, Nov 16, 2020 · 02:53 PM
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[ATLANTA] Home Depot said on Monday it would buy industrial goods wholesaler HD Supply Holdings in a deal valued at about US$8 billion.

The home improvement chain said it would offer US$56 per share in cash to HD Supply shareholders, a near 25 per cent premium to the stock's last close.

Home Depot's smaller rival Lowe's Cos last week said it was not in talks to buy HD Supply, denying a previous media report.

REUTERS

KEYWORDS IN THIS ARTICLE

Supply Chain
United States

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