Home Depot To Buy Hughes Supply For About $3.2 Billion

In its biggest acquisition ever for its Home Supply Division, The Home Depot, the nation’s No. 1 home retailer, agreed to acquire Hughes Supply Inc. for about $3.2 billion.

Speculation that Home Depot would buy Hughes Supply began to surface when Hughes Supply announced in the late fall that it was looking at strategic alternatives to maximize shareholder value. Hughes Supply had been rumored to be a Home Depot takeover target for years.

Hughes Supply will be part of The Home

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