HD Supply deal gets federal OK

Officials with the Federal Trade Commission have reviewed Home Depot’s plan to sell its wholesale distribution business and given the green light, according to a Reuters report.

U.S. antitrust authorities have completed their investigation of the proposed $10.3 billion sale to three private equity groups, Bain Capital Partners, Carlyle Group and Clayton, Dubilier & Rice, the report said, and announced their decision not to block the transaction.