Lowe's says it is not pursuing deal for HD Supply

Lowe's has said it has no plans to pursue a deal to acquire HD Supply, which had once been owned by Home Depot. “While it is the company's practice to not comment on rumors or speculation, we believe it is important to note that Lowe's is not in discussions with HD Supply and we have no plans to pursue a transaction with them,” the home improvement retailer said in a statement.