The 2020 Mid-Year Economic Update_long

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.
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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.
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News reports say Home Depot will finance $1 billion of the purchase and will hold a 13% stake in the unit.
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Home Depot has not yet made an official ...

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 announcement.

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