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Home Depot Acquires HD Supply

Home Depot Inc., parent company of Home Depot Pro, has acquired HD Supply Holdings Inc. for approximately US$8 billion.

Per the terms of the acquisition, Home Depot will buy all outstanding shares of the industrial supply distributor for $56 per share. Home Depot is expected to fund the purchase through cash on hand and debt and anticipates the deal will be finalized by the end of January 2021, Yahoo! Finance reports.

About Home Depot Pro
Home Depot Pro is a leading national distributor and direct marketer of specialty MRO products. For more information, visit www.supplyworks.com.