Home Depot agreed to buy HD Supply for about $8 billion dollars...Home Depot gearing up its ability to distribute industrial products during the pandemic. Home Depot will buy all outstanding shares for about $56 apiece, according to a statement Monday.
Home Depot sold off HD Supply back in 2007, nice to see both companies reunit.
"One of the largest industrial distributors in North America, HD Supply provides everything from bleach, to doors and ceramic tile to about 500,000 customers from 270 branches and 44 distribution centers, according to its annual report."
HD Supply could add as much as 33 cents a share to Home Depot’s earnings.
Lowe’s was in the picture for a moment, but Home Depot came right in and tookover. The stock market is a nice game to play once you learn it.
Home Depot stock at the moment: $276.73
HD Supply stock at the moment: $55.84
Lowe's stock at the moment: $160.15