The Home Depot, Atlanta, GA, announced it is in discussions with Bain Capital Partners, The Carlyle Group and Clayton, Dubilier & Rice with the aim of restructuring their agreement for the sale of HD Supply.
These discussions could result, among other things, in a reduction in the $10.3 billion purchase price. The announcement  ; may be a result of tightening credit markets,  ; which would make it more difficult to raise the cash needed to buy the unit.
No other details on the discussions were released.
In mid-June, Home Depot announced it would sell its wholesale division, a $12 billion unit, to the trio of private equity firms for roughly 10X-12X EBITDA. Read the original article here. ...