Home Depot to buy back HD Supply in $8 billion deal

Home Depot said on Monday it would buy HD Supply Holdings in a deal valued at about $8 billion, setting itself up to regain control over the industrial materials wholesaler after spinning it off over a decade ago.

The top U.S. home improvement chain said it would offer $56 in cash for each share of HD Supply, a near 25% premium to the stock’s last close. HD Supply’s shares jumped 24.5% on the news.

With the deal, Home depot is looking to expand its reach into building utility and maintenance products, betting that the economic toll of the COVID-19 pandemic will force swathes of Americans to look for affordable housing.

“With a bolstered sales force and enhanced supply chain, we have no doubt Home Depot will be a more formidable player in the$55 billion maintenance, repair and operations market for years to come,” Jefferies analysts wrote.

Home Depot, which sold

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Home Depot to buy building products distributor HD Supply in $8 billion deal

The logo of Down Jones Industrial Average stock market index listed company Home Depot is seen in Encinitas, California April 4, 2016. REUTERS/Mike Blake/File Photo

(Reuters) – Home Depot Inc HD.N said on Monday it would buy HD Supply Holdings Inc HDS.O in a deal valued at about $8 billion, setting itself up to regain control over the industrial material wholesaler after spinning it off over a decade ago.

The home improvement chain said it would offer $56 per share in cash to HD Supply shareholders, a near 25% premium to the stock’s last close. It expects to fund the deal through cash on hand and debt.

The company looks to expand its construction and maintenance goods business by acquiring HD Supply, one of the largest distributors of construction, industrial and maintenance supplies in North America.

HD Supply shares jumped 24.3% premarket.

Home Depot said the deal is expected to

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Home Depot to Buy Former Unit HD Supply in $9.1 Billion Deal

(Bloomberg) — Home Depot Inc. agreed to buy building products distributor HD Supply Holdings Inc., reuniting the home-improvement retailer with its former subsidiary more than a decade after they split apart.

Home Depot will buy all outstanding shares for about $56 apiece, according to a statement Monday, representing a premium of about 25% over HD Supply’s closing price on Friday. With 162 million shares outstanding, the offer is valued at almost $9.1 billion. Including net cash, the deal has an enterprise value of about $8 billion, the companies said.

The acquisition brings back together two companies that used to be under the same roof and will give Home Depot more exposure to the professional contractor side of the business. Like do-it-yourself repairs, that segment has boomed during the pandemic as Americans want to improve the homes they’re spending more time in.



timeline: Contractor supplier spikes as Home Depot announces plan to buy it


© Bloomberg
Contractor supplier spikes as Home Depot announces

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Best Places to Buy Furniture for Your Home



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Thomas Croly spent two years scouring the limited inventory at furniture stores near his home in Maui before taking his search online, where he found a leather sofa at Costco.com that matched the style he was looking for and fit his budget.

“Normally, I wouldn’t feel comfortable ordering a sofa that I haven’t sat on, but Costco’s website had a much larger selection and significantly lower prices than the brick-and-mortar stores that I looked at,” says Croly.

Croly, a CR member and longtime Costco shopper, also liked the company’s return policy. “I’ve returned a handful of products to Costco over the years, and I’ve never had any problems getting a refund,” he says. “That gave me peace of mind.”

(Learn more about preventing furniture tip-overs.)

Deciding whether to shop for furniture online or in-store

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The 8 best places to buy holiday decor online



The 8 best places to buy holiday decor online


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The 8 best places to buy holiday decor online


— Recommendations are independently chosen by Reviewed’s editors. Purchases you make through our links may earn us a commission.

Thanksgiving may still be two weeks away, but for the Christmas-obsessed among us, the holiday season is already in full swing. Most retailers have already rolled out their holiday decorations and shops, and while it may seem early to start thinking about Christmas, amid the pandemic, it’s best to do your shopping—whether for gifts or decor—early to avoid shipping delays or product shortages.

Our experts have not only rounded up all of the best holiday gifts, we’ve also rounded up all of the best places to buy holiday decor right now. No matter what you’re looking for or how much you want to spend, there are plenty of retailers you can shop to find the perfect artificial tree or the

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IKEA’s Furniture Buy Back Program Launches Abroad Before Black Friday

We love IKEA furniture for the affordable prices and trendy, minimalist design, but we wouldn’t exactly call all of it heirloom quality. The truth is, after a few years, it’s often time to move on.





© Mateusz Slodkowski/SOPA Images/LightRocket/Getty Images


To keep old pieces out of the landfill, IKEA is launching a new Buy Back program where they will not only take that used dresser off your hands, but give you a partial refund in store credit, too.

According to The New York Times, Buy Back launches in Great Britain on Nov. 24, just before Black Friday, one of the biggest international shopping days of the year. (They’re calling it Green Friday, “making climate change the biggest deal for the planet and your wallet.”) The program will also be available in 26 other countries, including France, Australia, Canada, Italy and Germany — but not the U.S. While it’s

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Don’t Race Out To Buy Bassett Furniture Industries, Incorporated (NASDAQ:BSET) Just Because It’s Going Ex-Dividend

Readers hoping to buy Bassett Furniture Industries, Incorporated (NASDAQ:BSET) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. If you purchase the stock on or after the 12th of November, you won’t be eligible to receive this dividend, when it is paid on the 27th of November.

Bassett Furniture Industries’s upcoming dividend is US$0.13 a share, following on from the last 12 months, when the company distributed a total of US$0.32 per share to shareholders. Last year’s total dividend payments show that Bassett Furniture Industries has a trailing yield of 2.1% on the current share price of $15.17. If you buy this business for its dividend, you should have an idea of whether Bassett Furniture Industries’s dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.

Dividends are typically paid

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