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HDS - HD Supply - The Future Following The Sale Of White Cap
HD Supply Holdings Inc.
In September of last year HD Supply (HDS) announced that it was looking to separate its Facilities Maintenance and Construction & Industrial business into two separate publicly traded companies in a tax-free distribution.
This separation was set to be completed in mid 2020 and was driven by the observation that both segments had obtained sufficient scale on their own and had little overlap, as dedicated leadership teams for both segments, with own capital allocation strategies, should over time create more value than two little related businesses under a single roof.