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Synopsis
The Home Depot, a home improvement retailer, completed the acquisition of HD Supply Holdings, a national distributor of maintenance, repair and operations products in the multifamily and hospitality end markets, for $8bn. "We're thrilled to welcome HD Supply associates to The Home Depot. The combination of the two businesses will enable us to better serve both existing and new MRO customers, and I look forward to the value this acquisition will bring to our associates, customers and shareholders," Craig Menear, The Home Depot Chairman and CEO.
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