GO
Loading...

Home Depot, Supply Buyers Agree to Delay Closing

Home Depot said Wednesday that it and the private equity firms that have agreed to buy its Home Depot Supply unit have delayed the proposed closing date of the deal to Aug. 23 from Aug. 16.

Last week, the home improvement retailer said that it was in discussions with the buyers -- Bain Capital Partners, Carlyle Group and Clayton, Dubilier & Rice -- about restructuring the agreement. The private equity firms had agreed to pay $10.3 billion for the wholesale supply business.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More

Don't Miss

U.S. Video

  • This video is 90 seconds of cyber attacks happening around the globe, courtesy of Norse Norse is a technology company that bills itself as the "global leader in live attack intelligence." The company offers continuously "updated and unique Internet and darknet intel that helps organizations detect and block attacks that other systems miss."

  • Is this breakout story on your radar? Mad Money host Jim Cramer is about to put it there.

  • Paul Hickey, Bespoke Investment co-founder, discusses the huge divergence between the S&P 500 and the energy sector.