Wednesday, August 29, 2007

Heads Up: Home Depot to sell wholesale unit for $1.8 billion less than original price (The Kansas City Star)

Home Depot Inc. made it official Tuesday: Its selling its wholesale distribution business to private equity groups for $8.5 billion about $1.8 billion less than originally agreed. As part of the amended terms, Home Depot will buy a 12.5 percent equity interest in the business for $325 million and will guarantee a $1 billion senior secured loan of HD Supply, a business that serves construction ...

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[Source: Yahoo! News Search Results for home equity loan]

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