NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of HD Supply Holdings, Inc. (“HD Supply Holdings” or the “Company”) (NASDAQ:HDS) concerning possible violations of federal securities laws.
On June 6, 2017, the Company disclosed a plan to accelerate its investment spending in Facilities Maintenance, and that the Company would be redeploying working capital into the business, causing it to lower its operational leverage targets. On the same day, the Company announced that it had also entered into a definitive agreement to sell its Waterworks business segment. Following this news, HD Supply Holdings’ share price fell from $41.27 per share on June 5, 2017, to a closing price of $34.03 on June 6, 2017. To obtain additional information, go to:
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