“Home Depot to Buy Former Unit HD Supply in $9.1 Billion Deal”
November 16, 2020
“Home Depot Inc. agreed to buy building products distributor HD Supply Holdings Inc., reuniting the home-improvement retailer with its former subsidiary more than a decade after they split apart.
Home Depot will buy all outstanding shares for about $56 apiece, according to a statement Monday, representing a premium of about 25% over HD Supply’s closing price on Friday. With 162 million shares outstanding, the offer is valued at almost $9.1 billion. Including net cash, the deal has an enterprise value of about $8 billion, the companies said…”
https://finance.yahoo.com/news/home-depot-buy-former-unit-132422420.html