Home Depot to Acquire Hughes Supply for $3.47 Billion

The Home Depot announced a definitive agreement to acquire Hughes Supply Inc., a leading HVAC and construction products distributor, for $3.47 billion. The deal includes $46.50 per share and the assumption of $285 million in net debt. Hughes Supply will become part of The Home Depot Supply division, more than doubling its size.

“The Home Depot, one of the world's largest home improvement retailers, and Hughes Supply Inc., a leading distributor of HVAC, construction, repair, and maintenance products, have announced a definitive agreement for The Home Depot to acquire Hughes Supply for $3.47 billion, including the payment of $46.50 per outstanding share and the assumption of $285 million in net debt.”

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