Home Depot Will Buy Interline For $1.625 Billion

Home Depot (HD) announced Wednesday it would buy Interline Brands for $1.625 billion in cash. The deal with Interline Brands, a national distributor and direct marketer of maintenance, repair and operations products, is expected to close in the third quarter and be accretive to 2015 earnings. "Interline is a well-run company that has achieved impressive financial results over the last few years," Home Depot CEO Craig Menear said in a release. Home

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