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.
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The Times says analysts expect HD could sell the fast-growing division for $9 billion.
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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.
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Home Depot announced Monday that it was considering strategic alternatives for HD Supply, including a possible sale, spin off or initial public offering.
New York Times: Home Depot May Shed Unit to Focus on Retail
Related Links:
HD to Evaluate Strategic Alternatives for HD Supply Business
HD Reaches Agreement with Activist Investor
HD Board May Meet With Activist Investor This Week
Home Depot CEO Nardelli Resigns
HD to Reject Proposal to Evaluate “Strategic Alternatives”
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