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| The Home Depot acquires Hughes Supply The Home Depot, the world's largest home improvement retailer, announced completion of its acquisition of Hughes Supply, Inc., a leading distributor of construction, repair and maintenance products. The Home Depot acquired Hughes Supply for aggregate consideration of $3.51 billion, including the payment of $46.50 per outstanding share and the assumption of $325 million in net debt. The close of the Hughes Supply transaction marks the largest acquisition ever by The Home Depot, more than doubling the size of Home Depot Supply. The newly combined organization has more than 20, 000 employees in more than 900 locations with projected 2006 combined sales approaching $12 billion. write your comments about the article :: © 2006 Construction News :: home page |