HD Supply Holdings, Inc. (HDS), one of the largest industrial distributors in North America, today announced its intention to separate its Facilities Maintenance and Construction & Industrial businesses into two independent publicly traded companies through a distribution, which is expected to be tax-free to HD Supply shareholders for U.S. tax purposes. The separation is expected to be completed by the middle of fiscal 2020. “After years of growth, Facilities Maintenance and Construction & Industrial have achieved sufficient scale to operate as independent companies,” said Joe DeAngelo, Chairman and CEO, HD Supply.

source https://finance.yahoo.com/news/hd-supply-holdings-inc-announces-200100858.html?.tsrc=rss