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Home Depot Postpones HD Supply Close

Home improvement retailer Home Depot Inc. said Wednesday it will postpone closing a deal to sell its supply division to a private-equity investment group.
/ Source: The Associated Press

Home improvement retailer Home Depot Inc. said Wednesday it will postpone closing a deal to sell its supply division to a private-equity investment group.

In a Securities and Exchange Commission filing, Home Depot said it will change the proposed closing date on the purchase agreement to Aug. 23 from Aug. 16.

Home Depot is in the process of restructuring its agreement to sell it's HD Supply business to Bain Capital Partners, Carlyle Group, and Clayton, Dubilier & Rice for $10.3 billion.

The deal was first announced in June.