Home Depot Receives U.S. Antitrust Approval For SRS Acquisition
(RTTNews) - Home improvement retailer The Home Depot (HD) announced Friday the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, in connection with its pending acquisition of SRS Distribution Inc. The expiration of the waiting period occurred at 11:59 p.m. on June 13, 2024.
The expiration of the waiting period under the HSR Act satisfies an important condition necessary for the completion of the transaction.
The transaction is expected to close on or about June 18, 2024, subject to the satisfaction or waiver of customary closing conditions.
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Home Depot Co-founder Bernard Marcus Dies At 95
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Shares of Home Depot, Inc. were losing more than 5 percent in the pre-market activity on the NYSE after the home improvement retailer on Tuesday reported weak earnings in its second quarter amid lower comparable sales, despite a slight growth in total sales. However, adjusted earnings beat the Street estimates. Further, the company revised down its fiscal 2024 earnings view, to now expect a...
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TSX Closes At New Record High
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Swiss Stocks Close On Strong Note
Swiss stocks closed on a bright note on Friday, in line with markets across Europe, as weak manufacturing and services sector data from major European countries such as the U.K., Germany and France raised hopes that central banks will cut interest rates further to help revive growth.
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