Item 2.01 Completion of Acquisition or Disposition of Assets.
On October 19, 2020, HD Supply, Inc. ("HDS"), an indirect wholly owned
subsidiary of HD Supply Holdings, Inc. ("HDS Holdings" and, together with HDS,
the "Company"), completed its previously announced sale of the Company's
Construction & Industrial business to an affiliate of Clayton Dubilier & Rice
(the "Purchaser") for a purchase price of $2.9 billion in cash, subject to
customary adjustments in accordance with the terms of the Transaction Agreement
(the "Transaction Agreement"), dated as of August 10, 2020, by and between HDS
and the Purchaser.
The foregoing description of the Transaction Agreement and the transactions
contemplated thereby does not purport to be complete and is subject to, and
qualified in its entirety by, the full text of the Transaction Agreement, which
has been previously filed with the Securities and Exchange Commission as Exhibit
2.1 to the Company's Current Report on Form 8-K filed on August 11, 2020, and is
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(b) Pro Forma Financial Information
The financial statements required by this item will be filed by amendment to
this Current Report on Form 8-K.
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