Home Depot Inc. said early Thursday that it had agreed to buy SRS Distribution Inc. a residential specialty trade distribution company, for about $18.25 billion, including debt.
Home Depot Inc just announced plans of buying SRS Distribution for $18.25 billion. Its shares are roughly flat in premarket on Thursday.
Owned by private-equity firms, SRS is a specialty trade distribution company serving professional contractors.
Home Depot said on Thursday it would buy building products distributor SRS Distribution in a deal valued at about $18.25 billion including debt.
Home Depot is buying SRS as its sales growth stagnates and it leans into its home professional business.

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The retailer said it would acquire SRS Distribution in a deal with a value of $18.25 billion, which includes assumed debt.
Home Depot (HD) concluded the recent trading session at $385.89, signifying a +1.57% move from its prior day's close.
Lowe's (LOW) has received a downgrade from D.A. Davidson, lowering its rating on the stock from Buy to Neutral.
Home Depot (HD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
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Microsoft, Procter & Gamble, Home Depot, and JPMorgan Chase use dividends as merely one way to reward shareholders. Coca-Cola, Chevron, and UPS are industry-leading businesses with high yields.
Home Depot has paid a quarterly dividend for 37 straight years -- an impressive feat. Such a long track record can only happen if a business is in sound financial shape.
Home Depot (HD) reported earnings 30 days ago. What's next for the stock?
Lowe's (LOW) and Home Depot (HD) have received Buy ratings from Mizuho analysts, as demand in the housing market starts to recover. Mizuho Americas Director and Senior Analyst David Bellinger joins Ya
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