Home Depot Gets $10 Billion Bids for Builder Unit, People Familiar Say

There are 3 comments on the Jun 15, 2007, Bloomberg story titled Home Depot Gets $10 Billion Bids for Builder Unit, People Familiar Say. In it, Bloomberg reports that:

Home Depot Inc., the world's largest home-improvement retailer, will receive separate offers of about $10 billion for its contractor-supplies unit from two private- equity groups, people familiar with the ... via Bloomberg

Join the discussion below, or Read more at Bloomberg.

cea

Costa Mesa, CA

#1 Jun 18, 2007
what will happen to all the employee's at HD when it is sold? Scary... HD has acquired several top employees over the last couple of months. Were they hired only to sell the company and then regroup. Any thoughts?
Tony 3Z

United States

#2 Jun 18, 2007
Well how do you think the people feel who worked for some little company which was bought by Century which was bought by Hughes which was bought by HD Supply? And now HDS is on the block!

Circumstances are unpredictable at this point, but one thing is certain....when private investors do a leveraged buy out, they are not in it for the long haul. They need to see returns right away, and the usual technique to accomplish that is " slash and burn", so hold on to your hat!
Raj

Torrance, CA

#3 Jun 18, 2008
I have always felt that Home Depot has an edge. I can usually find the lumber, nails, screws, pipes and other repair materials at the home depot.

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