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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Top Early Furniture, Computers, Office Supplies & School Supplies Savings Rated by Deal Stripe

The top early Black Friday Office Depot & Staples deals for 2020, featuring bookcases, printers, scanners and more deals

Early Black Friday Office Depot & Staples deals for 2020 are underway. Find the top deals on sit & stand desks, storage cabinets, maintenance tools and more. Access the latest deals listed below.

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SF Studios Signs Distribution Deal With Universal Pictures Home Entertainment (EXCLUSIVE)

SF Studios has inked a distribution deal with Universal Pictures Home Entertainment (UPHE) to release the studio’s film and television content across the Nordic and Baltic regions.

Starting on March 1, the deal will cover a board range of content from Universal, notably the new instalments of the “Trolls World Tour,” the “Jurassic World” and “Fast and Furious” franchises. The pact will also cover “Fast & Furious 8,” as well as the complete library of Illumination family movies, including the anticipated “Minions: The Rise of Gru.” Also included in the pact is content from DreamWorks Animation, and the Downton Abbey series, among others.

“The agreement with Universal comes at a time when we are repositioning the physical home entertainment business and are aiming to drive it much further,” said Martin Brandtler, SF Studios’ Nordic head of home entertainment distribution.

“We share the same basic belief in the format and its

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Power Home Remodeling ‘the real deal,’ workers say – Business – Austin American-Statesman

Five years ago when he was working as a physical therapist in New York, Kirk Chapman figured he would get a new job to buy a better car and then go back to graduate school.

On the advice of a friend, he took a job at Power Home Remodeling — and his life changed. Now Chapman works as a team mentor in the company’s expanding Austin office and he has his eyes set on his next promotion.

“I saw the company’s growth and how the business was being run,” Chapman recalled recently. “I thought I could plant my flag here and have an impact. I think this company is the real deal and I can go far with it. Joining it was one of the best decisions of my life.”

Power says its task is to make sure its employees are not just happy, but fulfilled. “Power is a dream

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