HD Supply Acquires Presto Maintenance Supply

On September 3, HD Supply Holdings, Inc. (HDS) announced that the company acquired Presto Maintenance Supply. The deal closed on September 1, but HD Supply did not disclose the terms of the acquisition. Presto Maintenance Supply primarily serves the Houston metro area and reported sales of $15 million in 2018.

 

Sonal detected the news event and alerted subscribers at 9:19 am. HD Supply opened for trading at $38.60. The stock price increased over the event day and continued its gains over the next four trading days. HD Holdings closed at $40.82 on September 9 for a gain of 5.75%.

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