The 2020 Mid-Year Economic Update_long

Day: December 18, 2006

HD to Reject Proposal to Evaluate Strategic Alternatives

The Home Depot has received notice from investment firm Relational Investors LLC that it plans to submit a proposal at the next annual meeting to encourage HD to evaluate the “strategic direction of the company, the performance of management, and strategic alternatives for the company.”Relational is run by investor Ralph Whitworth, who has pushed for …

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Carlyle Group to Pay $1B for Building Product Supplier

ElkCorp, Dallas, TX, a manufacturer of premium roofing and building products, has agreed to be acquired by private equity firm The Carlyle Group for $1 billion in cash, including the assumption of $173 million of net debt. In a separate agreement, Carlyle has agreed to partner with Hood Companies, Inc. and its subsidiary Atlas Roofing …

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