Tipsheet: HD Supply Acquired | Guitar Center Deal | Amazon & WM Ad


Home Depot Announces Agreement to Acquire HD Supply “The Home Depot will commence a cash tender offer to purchase all outstanding shares of HD Supply common stock for $56 per share, for a total enterprise value (including net cash) of approximately $8 billion.” Press release


Amazon Black Friday Deals Week Starts Friday, November 20 “Starting Friday, November 20 through Black Friday on November 27, Amazon will release tens of thousands of deals with deep discounts and incredibly low prices, including thousands of holiday deals from small businesses.” Press release


Walmart releases Black Friday ad at USA Today. “The new Sony PlayStation 5 and Microsoft Xbox Series X are listed as online-only offers at the regular price of $499. Additional items will go on sale at midnight ET online and in stores at 5 a.m. local time Nov. 27, which is Black Friday.” Read more


Walmart retreats from Japan by selling most of its stake in Seiyu supermarkets at CNN. “…giving up on a near 20-year attempt to crack the grocery market in the world’s third largest economy. Walmart is selling most of its stake in Japanese supermarket chain Seiyu to KKR and Rakuten in a deal that values Seiyu at 172.5 billion yen ($1.6 billion).” Read more


…Walmart expects $2 billion non-cash loss from stake sale in Japan’s Seiyu at Reuters. Read more


Mall owners Simon and Taubman revise merger terms, with $800 million price cut at CNBC. “Under the new deal, Simon will now pay $43 per share for Taubman, down roughly 18% from an original price of $52.50.” Read more


Guitar Center enters restructuring deal to cut debt by $800M at Fox Business. “Guitar Center, which owns nearly 300 stores across the country, said business operations will continue without any interruption under the deal.” Read more


Drug makers offer Canada $1 billion to scrap some pending pricing rules at Financial Post. “The pharmaceutical industry has made a last-ditch $1 billion proposal to the Canadian government in hopes of fending off parts of a drug pricing crackdown set to go into effect on Jan. 1, according to industry documents reviewed by Reuters.” Read more


**A message from the Kitchenology 4-In-1 Scrub Bar™ – Don’t settle for a sponge that can’t scrub the dirtiest dishes. Introducing the Scrub Bar – the kitchen sponge with a different abrasive strength on each side!  See it | Samples:


Why Varsity Tutors’ president left Amazon for Sears at GeekWire. “It didn’t go well. Clarkson had taken for granted Amazon’s laser-focused leadership and largely smooth operations, thinking that’s just how companies are run. At Sears, the company’s top leaders encouraged internal competition, which led to a mess of conflicting goals and priorities, he said. “It was like the worst manifestation of corporate culture.” Read more


Reliance Retail said it has acquired a 96% stake in Urban Ladder for about $24.43 million at TechCrunch. “Founded in early 2012, Urban Ladder sells home furniture and decor products online. It also operates a chain of physical retail stores in several Indian cities. The deal size suggests that it was a fire sale.” Read more


Costco selling $17.5K private jet membership that lasts 1 year at Fox Business. “Although the $17,499.99 membership is quite a hefty fee, it also comes with a $3,500 Costco Shop Card and $4,000 worth of flight credit.” Read more


Tipsheet Extra

The mushroom gold rush returns to B.C. forests

New Waffle House collaboration brew smells like bacon

Bezos names first recipients of his $10 billion fund for combating climate change

How to make a billion dollars from a junkyard

Man hides behind Sam’s Club freezer – steals over $13K of jewelry

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