Home Depot Delays Sale of HD Supply

Atlanta, GA, August 15, 2007--Home Depot said it will delay the closing date on the sale of its HD Supply unit to private-equity firms Bain Capital LLC, Carlyle Group and Clayton, Dubilier & Rice Inc.

The company said the closing would be delayed one week until August 16. It said that no assurance can be given that any agreement will be reached concerning a restructuring of the proposed transaction, or that the transaction will close.

In June Home Depot announced that it has signed a definitive agreement with the private equity firms for the sales of the wholesale distribution business for $10.3 billion.

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