Home Depot To Consider Sale Or IPO Of HD Supply

The Home Depot, Atlanta, said it has hired a financial advisor to explore strategic alternatives, including a possible sale, of its wholesale distribution business, HD Supply

The company has retained Lehman Brothers as its financial advisor to assist in this process. Other alternatives include a spinoff or initial public offering of the business.

Frank Blake, the new chairman and CEO of The Home Depot, said the company wants to increase its focus on its retail business. "We ar

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