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Article: Hughes Supply (HUG) SqueezeTrigger Price Is $29.08. Short Sellers Are Down Approximately $37 Million After Home Depot To Buy Hughes For $3.2 Billion.
- Article from:
- M2 Presswire
- Article date:
- January 10, 2006
CopyrightCOPYRIGHT 2006 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-10 January 2006-BUYINS.NET: Hughes Supply (HUG) SqueezeTrigger Price Is $29.08. Short Sellers Are Down Approximately $37 Million After Home Depot To Buy Hughes For $3.2 Billion.(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:10012006
BUYINS.NET, www.buyins.net, announced today that the 2.26 million shares declared short on Hughes Supply (NYSE: HUG) have a SqueezeTrigger Price of $29.08 per share. According to AP, Home Depot Inc. (NYSE: HD), the nation's largest home improvement store chain, said Tuesday it will buy Hughes Supply Inc., a distributor of construction, repair and maintenance products, for about $3.2 billion. The deal would double the ...