CITING WEAK CREDIT and housing markets, Home Depot Inc. this week chopped almost $2 billion off the asking price of its wholesale building supplies unit. That could cause headaches for future M&A transactions, even mid-market deals in the Southeast, one Atlanta deal lawyer said.
On Tuesday, Home Depot said it agreed to sell its HD Supply unit to three private equity firms for $8.5 billion, or about 17 percent less than the original sale price of $10.3 billion. The three buyers are Bain Capital Partners LLC, The Carlyle Group and Clayton, Dubilier & Rice Inc.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
