The 2020 Mid-Year Economic Update_long

Day: August 27, 2007

Reports: Home Depot Agrees to $8.5B Price Tag

According to news reports, Home Depot Inc., Atlanta, GA, has agreed to sell HD Supply for $8.5 billion, roughly $2 billion less than the originally agreed-upon price.
&nbsp ;
Private equity firms Bain Capital LLC, Carlyle Group and Clayton, Dubilier & Rice will buy the $12 billion wholesale unit after negotiating a lower price. The negotiations were blamed on tighter credit conditions.
&nbsp ;
News reports say Home Depot will finance $1 billion of the purchase and will hold a 13% stake in the unit.
&nbsp ;
Home Depot has not yet made an official ...

Lincoln Industrial Acquires Indian Firm

Lincoln Industrial, a Harbour Group company, has acquired Lincoln Helios Ltd., Bangalore, India.
&nbsp ;
LHI designs and manufactures automatic lubrication systems, ink delivery equipment and related services to clients throughout India. The company serves a variety of industries with demanding operating environments, including wind energy, steel production, mining and printing.
&nbsp ;
Lincoln Industrial, along with its sister companies, Alemite and Reelcraft, designs and manufactures a broad range of automated lubrication systems, dispensing equipment for high viscosity materials, hose cord, and cable reels, and related products for a variety of industrial, commercial, and consumer applications. Based in St. Louis, the company serves its global customer base from 10 ...