The Home Depot, Atlanta, GA, has announced it will evaluate strategic alternatives” for its HD Supply business, including a possible sale, spin or initial public offering of the business.
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In a release, the company said a transaction is not definite. HD has retained Lehman Brothers as its financial advisor. HD said it would not disclose further developments with respect to HD Supply unless the board of directors has approved a definite transaction.
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“Today’s announcement is a continuation of the strategic review we did in November,” said CEO Frank Blake. “We are undertaking this action today because of our desire to increase our …
