Wolseley for sale?

Shares in Wolseley have risen by more than 2% today amid speculation that an interested party may have approached the chain about a potential takeover.

Wolseley for sale?

There are currently very few details and the national merchant chain Wolseley has declined to comment.

One city insider has cited US home improvement mega-retailer Home Depot as potentially being in the frame. However, it’s a name that consistently crops up in connection with speculation about UK companies being sold, and has yet to make any investment in the UK.

The speculation follows a weakening financial performance from the chain which reported a further dip in its April figures.

BuildersMerchantsJournal.net will bring you more as and when it happens.

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

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