Lowe’s Disavows Interest In HD Supply Acquisition

After media speculation on the subject, Lowe’s has issued a statement in response to reports about a possible acquisition of HD Supply.

Lowe’s stated that, although it is corporate practice to not comment on rumors or speculation, the company decided to note publicly that it is not in discussions with HD Supply. Further, Lowe’s asserted that it has no plans to pursue a transaction with the company.

Lowe’s added that it doesn’t intend to make further statements regarding the matter.