The Home Depot Inc. (HD) Will Not Meet Expectations
The Home Depot Inc., the world's largest home improvement store chain, on Tuesday cited continued weakness in the housing market and the sale of its wholesale distribution business as it issued a bleaker-than-expected financial outlook for the year.
But the Atlanta-based company also said it was launching a tender offer for 250 million shares of its common stock at a price range of $39 to $44 per share as part of a larger program to buy back up to $22.5 billion of its stock.
But the Atlanta-based company also said it was launching a tender offer for 250 million shares of its common stock at a price range of $39 to $44 per share as part of a larger program to buy back up to $22.5 billion of its stock.
Labels: HD, The Home Depot Inc.
posted by Stock Administrator @ 2:33 PM
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