News
HD
380.82
-1.31%
-5.07
FACTBOX-Companies react to Baltimore bridge collapse
Major bridge collapsed in the U.S. Port of Baltimore on Tuesday. Carmakers and other companies that use the port have said they expect impact on their operations. Sugar company ASR says it has six to eight weeks of raw sugar stocks at the port. Axa and Britannia say they expect losses to be "material at a group level"
Reuters · 2h ago
BUZZ-Home Depot slips after $18.25 bln deal to buy building materials supplier
Home Depot agrees to buy building materials distribution company SRS Distribution in $18.25 bln deal. Shares of Home Depot down 1% at $383.30 in early trading. Deal expected to be completed by the end of fiscal 2024. HD rose 11% YTD.
Reuters · 2h ago
Dow Movers: AAPL, VZ
NASDAQ · 2h ago
Home Depot Scores Big With $18.25B SRS Acquisition, Boosts Addressable Market To $1T
The Home Depot has acquired SRS Distribution Inc. For a total enterprise value of about $18.25 billion. SRS’s 2,500-plus professional sales force and 760-plus branch network across 47 states will help Home Depot expand its offering to residential specialty trade pros.
Benzinga · 2h ago
M&A News: Home Depot’s (NYSE:HD) Largest Acquisition Yet
TipRanks · 2h ago
Consumer Sector Update for 03/28/2024: ATAT, HD, MLKN, XLP, XLY
NASDAQ · 3h ago
4 stocks to watch on Thursday: WBA, HD and more
U.S. Stock index futures make marginal gains on Thursday. Walgreens Boots Alliance stock slipped nearly 3% after narrowing its annual profit outlook. Home Depot said it will buy SRS Distribution in its largest ever acquisition. Chemours stock slumped 11% after an internal review found "material weaknesses" in its financial reporting. Palantir Technologies shares retreated 1.5% after a downgrade.
Seeking Alpha · 3h ago
Home Depot Announces Strategic Acquisition of SRS
The Home Depot, Inc. Has announced its plan to acquire SRS through a merger valued at $18.25 billion. The deal will result in SRS becoming a wholly owned subsidiary of The Home Depot. SRS shareholders will receive a portion of the merger consideration.
TipRanks · 3h ago
Home Depot to buy specialty distributor SRS Distribution in $18.25B deal
M&A Consumer Home Depot to buy specialty distributor SRS Distribution in $18.25B deal. SRS is a building products distributor, serving professionals in the landscaping, pool and roofing businesses. Home Depot expects the deal to close by the end of fiscal 2024.
Seeking Alpha · 5h ago
Home Depot acquires specialty trade distributor SRS for $18.25 billion
MarketWatch · 5h ago
Home Depot to Acquire Pro Contractor-Focused SRS Distribution for $18.25 Billion
Home Depot stock shed 0.5% in premarket trading. The home-improvement retailer announced it would by SRS Distribution for $18.25 billion including debt. SRS, owned by private-equity firms, is a specialty trade distribution company serving professional contractors.
Barron‘s · 6h ago
Should You Invest in the VanEck Retail ETF (RTH)?
NASDAQ · 6h ago
Home Depot to buy SRS Distribution in $18.25 bln deal
Reuters · 6h ago
Press Release: The Home Depot Announces Agreement -2-
Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties. You should not rely on them. The Home Depot's results could differ from its expectations.
Dow Jones · 6h ago
*Home Depot: Intend to Maintain Current Credit Ratings >HD
Dow Jones · 6h ago
*Home Depot to Fund SRS Transaction With Cash on Hand, Debt >HD
Dow Jones · 6h ago
*Home Depot: To Access Debt Capital Markets to Raise Incremental Debt to Support Acquisition >HD
Dow Jones · 6h ago
*Home Depot Sees Closing SRS Acquisition by End of Fiscal 2024 >HD
Dow Jones · 6h ago
*Home Depot to Acquire SRS for Total Enterprise Value of About $18.25 Billion, Including Debt >HD
Dow Jones · 6h ago
*The Home Depot Announces Agreement to Acquire SRS Distribution
Dow Jones · 6h ago
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About HD
The Home Depot, Inc. is a home improvement retailer. It offers its customers an assortment of building materials, home improvement products, lawn and garden products, decor products, and facilities maintenance, repair and operations products and provides a number of services, including home improvement installation services and tool and equipment rental. It operates over 2,322 stores located throughout the United States, including the Commonwealth of Puerto Rico and the territories of the United States Virgin Islands and Guam; Canada, and Mexico. It serves two primary customer groups: do-it-yourself (DIY) Customers and Professional Customers (Pros). DIY Customers include homeowners who purchase products and complete their own projects and installations. Pros are primarily professional renovators/remodelers, general contractors, maintenance professionals, handymen, property managers, building service contractors and specialty tradespeople, such as electricians, plumbers and painters.