
Lowes Companies Inc.
Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States. It provides a line of products for construction, maintenance, repair, remodeling, and decorating. The company also offers home improvement products, such as appliances, seasonal and outdoor living, lumber, lawn and garden, kitchens and bath, hardware, building materials, millwork, paint, rough plumbing, tools, electrical, flooring, and décor. In addition, it offers installation services through independent contractors in various product categories; and extended protection plans and repair services. The company sells its national brand-name merchandise and private brand products to professional customers, individual homeowners, and renters. The company also sells its products through Lowes.com website, as well as through mobile applications. Further, it provides design, distribution, and installation services for interior surface finishes to home builders and property managers. Lowe's Companies, Inc. was founded in 1921 and is based in Mooresville, North Carolina.
Stock Performance (90 Days)
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Key Highlights
- • Lowe's to acquire Foundation Building Materials, Inc. (FBM) for $8.8 billion in cash.
- • Acquisition consideration of $8.8 billion to be paid at closing.
- • Financing planned through cash on hand, term loan, revolving credit, and capital markets transactions.
- • Secured a $9 billion 364-day bridge loan facility as a backup, not expected to be utilized.
- • Transaction subject to customary closing conditions, including Hart-Scott-Rodino antitrust approval.
- • Purchase Agreement includes a potential $370 million reverse termination fee for Lowe's under specific conditions.
- • Investor presentation provided to analysts and investors regarding the transaction.
Financial Metrics
Stock Price
Company Info
- Industry
- Home Improvement Retail
- Sector
- Consumer Cyclical
- Headquarters
- Mooresville, NC, United States
- CEO
- Mr. Marvin R. Ellison
- Employees
- 300,000
Layoff Stats
- Layoff Events
- 0
- Total Affected
- 0