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U.S. Home Systems Inc. (USHS) said its go-shop period has ended, paving the way for Home Depot Inc. (HD) to move forward with its planned acquisition of the supplier of kitchen, bath and storage products.
Home Depot, the largest home-improvement retailer by sales, said last month it had agreed to acquire U.S. Home Systems for about $93 million.
U.S. Home Systems said Thursday it expects the deal to close in the fourth quarter of the calendar year, subject to closing conditions, including the approval of its shareholders.
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The Home Depot will being to roll-out major appliance from Electrolux.
Electrolux sells appliances under the Electrolux, Frigidaire, and Frigidaire Gallery brands. The Home Depot product line includes ovens, refrigerators, freezers, dishwashers and laundry machines
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