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| The Home Depot completes sale of HD Supply The Home Depot, the world's largest home improvement retailer, announced today that it has completed the sale of HD Supply. As announced earlier this week, the terms were as follows: -- Purchase price of $8.5 billion -- The Home Depot to own a 12.5% equity interest for $325 million -- The Home Depot guaranteed a $1 billion senior secured loan of HD Supply Tender Offer As previously announced, The Home Depot's modified "Dutch auction" tender offer to purchase up to 250 million shares at a price range of $37 to $42 per share will expire at 5 p.m. on Friday, August 31, 2007. The Company remains committed to its $22.5 billion recapitalization plan announced on June 19, 2007. write your comments about the article :: © 2007 Construction News :: home page |