Machinery | Thomasville, GA | Corporate Divestiture
HD Supply (NASDAQ: HDS) has received interest in Waterworks from buyout firms, according to Reuters. Waterworks is a sewer and water products supplier to contractors and municipalities, also per Reuters. HDS could reportedly spin out the unit for over $2 billion, which would help the company to pay down its $4.1 billion in debt. HDS shares dropped 1% on the news to end the trading day at $43.03 apiece.