HD Supply, diversified wholesale distributor in the infrastructure and energy, maintenance, repair and improvement and specialty construction markets, has reached an agreement with The Home Depot, Atlanta, GA, related to post-closing purchase price adjustments from the sale of HD Supply in August 2007.
Home Depot sold HD Supply to three private equity firms for $8.5 billion, with the Home Depot retaining a 12.5% equity stake in the company.
Under the terms of the agreement, HD Supply will receive a payment of
"We are very pleased to have reached an agreement and to put this matter behind us," said
HD Supply to Receive $22M Payout from Home Depot
HD Supply, diversified wholesale distributor in the infrastructure and energy, maintenance, repair and improvement and specialty construction markets, has reached an agreement with The Home Depot, Atlanta, GA, related to post-closing purchase price adjustments from the sale of HD Supply in August 2007.
Home Depot sold HD Supply to three private equity firms for $8.5 billion, with the Home Depot retaining a 12.5% equity stake in the company.
Under the terms of the agreement, HD Supply will receive a payment of $22 million and other non-cash considerations.
"We are very pleased to have reached an agreement and to put this matter behind us," saidJoe DeAngelo, HD Supply’s Chief Executive Officer, …
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