Markets & Finance

Home Depot Considers Selling Supply Business


Court rules that Samsung and Panasonic can keep using Broadcom chips; plus more stocks in the news Monday

From Standard & Poor's Equity ResearchHome Depot (HD) says it has decided to evaluate strategic alternatives for its Home Depot Supply business, including the possible sale, spin off or initial public offering of business.

Broadcom (BRCM) says a US District Court ruled that Samsung and Panasonic could continue using Broadcom's chips in wideband code division multiple access-based handsets without the threat of patent infringement claims by Qualcomm (QCOM).

More than four months after Tribune (TRB) put itself on the auction block, the newspaper and TV concern is leaning away from accepting any offers made by outside bidders, instead opting for restructuring on its own, according to the Wall Street Journal.

Four Seasons (FS) agrees to be acquired by affiliates of Cascade Investment, LLC in a deal valued at about $3.8 billion, including debt, at $82.00 per Four Seasons share in cash.

Eddie Bauer (EBHI) announces the resignation of its President, CEO Fabian Mansson. Howard Gross, a member of the Board, has been named Interim CEO as the Board conducts a search for a permanent CEO.

Univision Communications (UVN) posted 33 cents vs. 25 cents fourth quarter adjusted earnings per share (EPS) on 6.5% higher net revenue.

Hansen Natural (HANS) Enters into an agreement with PepsiCo Canada through which PepsiCo Canada will be appointed the exclusive master distributor of the company's energy drinks in Canada.

Novelis (NVL) Agrees to be acquired by Hindalco Industries Ltd., India's largest non-ferrous metals company, for about $6 billion, or $44.93 per share, in cash, including $2.4 billion of debt.

Hutchison Telecommunications (HTX) inks a binding agreement with the subsidiary of Vodafone Group Plc to sell its 67% direct, indirect equity, and loan interests in Hutchison Essar Limited for a total cash consideration of about $11.1 billion.


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