Activant Solutions Inc. has signed a definitive
asset purchase agreement with Intuit Inc. to acquire the Intuit Eclipse™
Distribution Management Solutions business.
Home Depot lowered its profit forecast yesterday
and now expects earnings per share to fall as much as 18 percent this year and
annual sales to fall for the first time in the company’s history.
Combined U.S. factory shipments of central air
conditioners and air-source heat pumps for May totaled 739,647, up 8.5% from
May 2006 shipments, according to the Air-Conditioning and Refrigeration
Institute (ARI).
Watsco, Inc., Miami, and ACR Group, Inc.,
Houston, announced that they have executed a definitive merger agreement under
which Watsco will seek to acquire ACR’s outstanding common stock in a cash
tender offer of $6.75 per share.
Federal Trade Commission antitrust authorities have approved plans by Home Depot Inc. to sell HD Supply, according to a Reuters report published last Tuesday. Home Depot announced last