RTR: Home Depot to buy back HD Supply in $8 bilion deal

REUTERS reports:
Home Depot Inc HD.N said on Monday it would buy HD Supply Holdings Inc HDS.O in a deal valued at about $8 billion, setting itself up to regain control over the industrial materials wholesaler after spinning it off over a decade ago.
The top U.S. home improvement chain said it would offer $56 in cash for each share of HD Supply, a near 25% premium to the stock’s last close. HD Supply’s shares jumped …

The post RTR: Home Depot to buy back HD Supply in $8 bilion deal appeared first on The Loadstar.

Source: The Loadstar

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