Home Depot Reunites With HD Supply in Deal Catering to Pros (3)

Home Depot Inc. agreed to buy building products distributor HD Supply Holdings Inc., reuniting the home-improvement retailer with its former subsidiary more than a decade after they split apart.

Home Depot will buy all outstanding shares for about $56 apiece, according to a statement Monday, representing a premium of about 25% over HD Supply’s closing price on Friday. With about 156 million shares outstanding, according to a filing, the offer is valued at roughly $8.7 billion. Including net cash, the deal has an enterprise value of about $8 billion, the companies said.

The acquisition brings back together two companies ...