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Private equity gets a real fixer-upper
Home Depot's supply unit has been struggling along with the housing market, so today the home improvement retailer has reportedly agreed to sell that division to three private investment groups. The price tag: more than $10 billion. They'll probably do what private equity does best: Swoop in, fix'er up and flip it for a profit by taking it public again.
Posted on June 19, 2007 6:58 AM PT | Permalink
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