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(From M2 Equity Bites)
M2 EQUITYBITES-August 8, 2012-The Home Depot to acquire US Home Systems for USD12.5 per share (C)1994-2012 M2 COMMUNICATIONS http://www.m2.com
Home improvement retailer The Home Depot (NYSE:HD) and US Home Systems Inc (USHS) announced on Tuesday a definitive merger agreement for The Home Depot to acquire USHS.
USHS is currently an exclusive provider of kitchen and bath refacing products and services as well as closet and garage organisational systems to The Home Depot.
Under the terms of the agreement, The Home Depot will acquire USHS for USD12.50 per share in cash which reportedly represents an approximately 38% premium …