Lowe’s Says Not in Talks With HD Supply, No Plans to Pursue Deal

Home improvement retailer Lowe’s Cos. isn’t in talks with building products distributor HD Supply Holdings Inc. and doesn’t have plans to pursue a transaction with the company, according to a statement.

Earlier Monday, Bloomberg News reported that Lowe’s had recently approached HD Supply and that the companies were in preliminary talks, according to people familiar with the matter. No final decisions had been made about whether to proceed with a deal, the people said.

HD Supply rose 0.6% to close at $43.75 in New York Monday, giving the company a market value of about $7.1 billion. The shares had gained ...