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HOME DEPOT ACQUIRES HD SUPPLY IN A DEAL WORTH $8BILLION

Published On 16 Nov 2020 07:01 PM


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Highlights

• Home Depot will be purchasing all outstanding shares for nearly $56 per share which represents a premium of about 25 percent over HD Supply’s closing price on Friday

• According to a filing, with around 156 million shares, this deal is valued at nearly $8.7 billion, while including net cash, the deal has an enterprise value of about $8 billion

• On the reports of this acquisition,....


Tags : Home Depot, HD Supply, COVID-19 pandemic, ,
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