August 22, 2013

Mooresville, N.C.-based Lowe's CEO Robert Niblock added some color to the company's plans to acquire 72 Orchard Supply Hardware stores. 

Earlier this week, the federal antitrust review and bankruptcy court approved Lowe's $205 million bid. In comments to investors Wednesday, Niblock said he expected the deal to close at the end of August.

August 21, 2013

Moorsesville, N.C.-based Lowe's said it expects to complete its West Coast acquisition of 72 Orchard Supply Hardware stores by the end of August. When that happens, current CEO Mark Baker will be replaced at the helm of Orchard Supply by Lowe's executive Richard D. Maltsbarger, the retailer announced yesterday.