Key Developments: Home Depot Inc (HD.N)
11 Jul 2014
Latest Key Developments (Source: Significant Developments)
Home Depot Inc reaffirmed fiscal 2012 sales guidance and expects sales to be up approximately 4.6% from the prior year on a 53-week basis. The Company raised fiscal 2012 diluted earnings per share guidance and now expects diluted earnings per share to be up approximately 19% to $2.95. The Company reported revenue of $70.395 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $73.9 billion and EPS of $2.92 for fiscal 2012. Full Article
The Home Depot, Inc. announced a definitive merger agreement for The Home Depot to acquire USHS. USHS, based in Irving, Texas, is currently an exclusive provider of kitchen and bath refacing products and services as well as closet and garage organizational systems to The Home Depot. Under the terms of the agreement, The Home Depot will acquire USHS for $12.50 per share in cash which represents an approximately 38% premium over USHS' closing price on The NASDAQ Global Market on August 6, 2012. The agreement was unanimously approved by USHS's board of directors. The acquisition is expected to close by the end of the calendar year, and is subject to approval by USHS stockholders, applicable regulatory approval and customary closing conditions. J.P. Morgan Securities LLC is serving as The Home Depot's exclusive financial advisor and King & Spalding LLP is acting as legal advisor to The Home Depot. Full Article
ATLANTA - A suburban Atlanta man jailed on charges he murdered his 22-month-old son by intentionally leaving the child strapped in an overheated car to die has been fired from his job at Home Depot Inc, the company said Thursday.