Home Depot decides not to cross the pond

12.05.2004

Bob Nardelli rules out Kingfisher acquisition for the time being

Quoting from an interview with Bob Nardelli, the chairman and CEO of Home Depot, the Financial Times reports that the US company has ruled out any takeover of Kingfisher in the near future. The weak dollar and price boost given to Kingfisher shares by recent speculation obstructed any deal.
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