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HD SUPPLY HOLDINGS, INC.

(HDS)
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HD SUPPLY HOLDINGS, INC. : Completion of Acquisition or Disposition of Assets, Financial Statements and Exhibits (form 8-K)

10/19/2020 | 10:27am EDT

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.

© Edgar Online, source Glimpses

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Managers and Directors
NameTitle
Shane M. O'Kelly Chief Executive Officer
Bradley Paulsen President
Evan J. Levitt CFO, Chief Administrative Officer & Senior VP
Richard V. McPhail Director
Teresa Wynn Roseborough Director
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