Home » Reports: Home Depot Agrees to $8.5B Price Tag
Reports: Home Depot Agrees to $8.5B Price Tag
August 27, 2007
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.   ; 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.   ; News reports say Home Depot will finance $1 billion of the purchase and will hold a 13% stake in the unit.   ; Home Depot has not yet made an official announcement.