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BRIEF-The Home Depot agrees to acquire Interline brands

Published 2015-07-22, 08:32 a/m
BRIEF-The Home Depot agrees to acquire Interline brands

July 22 (Reuters) - Home Depot Inc HD.N :
* The Home Depot announces agreement to acquire interline brands
* Deal for $1.63 billion
* Says transaction is expected to be accretive to the home depot's earnings in
fiscal 2015
* Says bill lennie, president, the Home Depot Canada, has been named EVP,
outside sales and service
* Says lennie will continue to lead the Home Depot Canada until a successor is
named
* Says home depot's financial advisor for this transaction is bofa Merrill
Lynch
* Will provide an update to its fiscal 2015 sales and diluted
earnings-per-share growth guidance to include the impact of this transaction
* Says acquisition has been approved by the shareholders of interline
* Acquisition, which has been approved by shareholders of interline, expected
to be completed during the home depot's fiscal third quarter

* Source text for Eikon ID:nPn6cqq9X

* Further company coverage HD.N

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