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Report: Buyout Firms Have Approached Home Depot
February 13, 2007
The New York Times reported today that some of the country's biggest buyout firms have approached Home Depot CEO Frank Blake - put in place after Robert Nardelli resigned  ; - with proposals to buy $12 billion HD Supply.   ; The Times says analysts expect HD could sell the fast-growing division for $9 billion.   ; The article goes on to discuss HD Supply's profit margins as slimmer than retail, and HD's need to find a way to grow the retail side of the company. Synergies between wholesale and retail have yet to be realized, according to the piece.   ; Home Depot announced Monday that it was considering strategic alternatives for HD Supply, including a possible sale, spin off or initial public offering.