Summary
The Home Depot Inc. said Tuesday it will sell its wholesale distribution business to a group of private equity firms for $10.3 billion over the objection of some shareholders. The board of the world's largest home improvement store chain approved the sale of Home Depot Supply to Bain Capital Partners, The Carlyle Group and Clayton, Dubilier & Rice. The sale is expected to close later this year. The board also authorized a $22.5 billion increase in the company's share repurchase program. Atlanta-based Home Depot said Feb. 12 it was considering shedding Home Depot Supply as it focuses on its core retail business. The supply unit serves contractors, homebuilders and other business customers.
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Briefs: Home Depot to Sell Unit for $10.3 Billion
A white-collar search firm said Tuesday it will place the first of about 350 nuclear engineers with Westinghouse Electric Co. on Monday. TAC Worldwide, of Dedham, Mass., was engaged by the Monroeville company to find and recruit ...
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