U.S. News

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.

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