The Federal Trade Commission (FTC) announced that the Home Depot acquisition of HD had been granted antitrust clearance.
Last month, HD announced that it would be purchasing the maintenance, repair, and operating (MRO) company in a deal worth about US$8 billion.
This morning, the FTC announced that the deal had been granted antitrust clearance.
This clears the way for HDS to become a part of HD once again (HD sold HDS in 2007). And HD timed the deal well with HDS’s valuation. The deal prices HDS at an enterprise value to earnings before interest, taxes, depreciation, and amortization.
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