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Home Depot, U.S. Home Systems close merger transaction
Home Depot and U.S. Home Systems have announced the completion of the merger of USHS with an indirect wholly owned subsidiary of Home Depot. The merger was approved by the stockholders of USHS at a special meeting held on Oct. 26. As a result, USHS became an indirect wholly owned subsidiary of Home Depot.
Irving, Texas-based USHS is currently an exclusive provider of kitchen and bath refacing products and services, as well as closet and garage organizational systems to Home Depot.
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Home Depot settles National Guard case
The Justice Department and The Home Depot have reached a settlement in a case where the government accused the retailer of unlawfully terminating an employee who was a member of the Army National Guard.