Home Depot buying HD Supply in deal valued at $8 billion

Home Depot will buy HD Supply. PHOTO CREDIT: Jim Mone

ATLANTA — Home Depot is buying HD Supply Co. in a deal valued at about $8 billion.

A subsidiary of Home Depot Inc. will pay $56 per share for HD Supply’s common stock.

HD Supply is a distributor of maintenance, repair and operations products in the multifamily and hospitality end markets.

The transaction is expected to close during Home Depot’s fiscal fourth quarter.