HOME DEPOT ACQUIRES HD SUPPLY IN A DEAL WORTH $8BILLION

Highlights

• Home Depot will be purchasing all outstanding shares for nearly $56 per share which represents a premium of about 25 percent over HD Supply’s closing price on Friday

• According to a filing, with around 156 million shares, this deal is valued at nearly $8.7 billion, while including net cash, the deal has an enterprise value of about $8 billion

• On the reports of this acquisition,....