Home Depot acquires HD Supply
Home Depot from Atlanta / Georgia, the world’s largest home improvement retailer, is taking over HD Supply, one of the largest industrial wholesalers in North America. Home Depot pays for all outstanding common stock an amount of USD 8 bn (EUR 6.7 bn).
The acquisition is expected to close in the fourth quarter, with Home Depot's fiscal year ending January 31, 2021. The deal comes just days later after speculation, that Lowe, the U.S. second-largest home improvement retailer, might acquire HD Supply.