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Lowe's Companies Inc Completes Acquisition Of 72 Orchard Supply Hardware Stores

Friday, 30 Aug 2013 09:35am EDT 

Lowe's Companies Inc announced the completion of its previously announced acquisition of the majority of assets of Orchard Supply Hardware, including 72 Orchard stores, for approximately $205 million in cash, plus the assumption of payables owed to nearly all of Orchard`s supplier partners. Orchard will continue to operate as a separate, standalone business, retaining its brand and its San Jose headquarters. Goldman Sachs acted as financial advisor to Lowe`s, while Hunton & Williams LLP acted as legal advisor. 

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