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| Home Depot focuses on retail business  The Home Depot announced that its board of directors has decided to evaluate strategic alternatives for its HD Supply business, including a possible sale, spin or initial public offering of the business. There can be no assurance that any transaction will occur. The company has retained Lehman Brothers as its financial advisor to assist in this process. Home Depot does not expect to update its progress or disclose developments with respect to the exploration of HD Supply strategic alternatives unless the board of directors has approved a definitive transaction.The announcement was part of the strategic review conducted in November, Atlanta-based Home Depot said in a statement. HD Supply is the wholesale distribution business of The Home Depot. Its annual revenues are approximately $12 billion, about 12 percent of the total for Home Depot. write your comments about the article :: © 2007 Construction News :: home page |