Home Depot to cut unit sale price by $1.8 bln: sources (Reuters)

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Home Depot to cut unit sale price by $1.8 bln: sources (Reuters)

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08-26-2007, 10:59 PM

Ron Burgundy Ron Burgundy is offline

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Home Depot to cut unit sale price by $1.8 bln: sources (Reuters)

Home Depot Inc agreed to cut the price in its supply division sale to buyout firms by $1.8 billion, sources said on Sunday, as a housing market drop and a credit crunch forced all sides to renegotiate.

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