(Bloomberg) -- Home Depot Inc. rose in extended
U.S. trading after the world's largest home-improvement retailer
agreed to sell its contractor-supplies unit to three buyout
firms and said it may purchase a record $22.5 billion of stock.
Shares of the Atlanta-based company gained $2.43, or 6.3
percent, to $40.70 at 5:51 p.m. in New York. Bain Capital
Partners, Carlyle Group and Clayton, Dubilier & Rice will pay
$10.3 billion for HD Supply, which sells tools and lumber to
construction companies. The buyback amounts to 30 percent of the
Home Depot's outstanding shares.
Read more at Bloomberg Stocks News
U.S. trading after the world's largest home-improvement retailer
agreed to sell its contractor-supplies unit to three buyout
firms and said it may purchase a record $22.5 billion of stock.
Shares of the Atlanta-based company gained $2.43, or 6.3
percent, to $40.70 at 5:51 p.m. in New York. Bain Capital
Partners, Carlyle Group and Clayton, Dubilier & Rice will pay
$10.3 billion for HD Supply, which sells tools and lumber to
construction companies. The buyback amounts to 30 percent of the
Home Depot's outstanding shares.
Read more at Bloomberg Stocks News
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