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Fly News Breaks for July 23, 2015
HDS
Jul 23, 2015 | 07:42 EDT
HD Supply announced private equity holders Bain Capital and THD Holdings will sell 30.5M shares, exiting them from the position. BofA/Merrill said the deal timing was expected and removes and overhang and improves liquidity. The firm expects upcoming earnings to be a catalyst for HD Supply and believes debt refinancing in the spring of 2016 could be a catalyst for shares. The firm rates HD Supply a Buy with a $40 price target.
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