The committee made the recommendation to the board of directors after news that Home Depot Inc. is considering possibly selling HD Supply. The committee also reported “the concern members expressed about being affiliated with Home Depot” as another reason to stop discussions. The recommendation and reasons appeared in a weekly report sent during the week of Feb. 12 to various PHCC leaders.
The board will discuss the recommendation on Feb. 27. Home Depot announced that it is considering selling or spinning off HD Supply, although it also added that it might keep the business.