Home Depot to acquire HD Supply in $8 bn deal
Washington (AFP) - North American hardware retailer The Home Depot on Monday announced plans to re-acquire wholesaler HD Supply Holdings in an $8 billion deal set to close early next year.The announcement comes ahead of The Home Depot's third-quarter earnings release on Tuesday.The company's profits surged 24.5 percent in the second quarter to $4.3 billion as consumers, home-bound during the coronavirus pandemic and assisted by US government stimulus payments, invested in improvements to their properties.Wholesale distributor HD supply operates distribution centers in the United States and Can...