Wednesday, August 29, 2007

Home Depot to sell distribution business (The Charlotte Observer)

The Home Depot Inc. said Tuesday it has agreed to sell its wholesale distribution business to private equity groups for $8.5 billion -- about $1.8 billion less than originally agreed. The announcement comes after several days of intense negotiations to preserve the deal, even at a lower price. The sale price as announced in June was $10.3 billion. But tightening credit conditions and a rocky ...

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

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