Home Depot Warns of Deal-Price Cut

Home Depot shares tumbled 6% early Thursday after the retailer said the three private-equity firms buying its supply unit may cut the $10.33 billion price for the deal.

The Atlanta-based home improvement giant, citing current financial-market conditions, also said it may cut the price of its planned Dutch tender offer.

The news comes as the U.S. financial markets are seeing liquidity dry up amid ongoing troubles in the subprime mortgage market. The problems have hurt financings for certain deals and have created worries that private equity's buying binge may slow to a crawl.

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- Posted: 2007-08-09 10:31:42

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