Home Depot to sell HD Supply for 8.5 billion deal
Home Depot Inc agreed to sell its wholesale distribution arm HD Supply to private equity affiliates for 8.5 billion, down from 10.3 billion. Home Depot will take a 12.5 percent equity stake for 325 million and back a 1 billion senior loan. Sale set to close Thursday. Buyers include Bain Capital Partners Carlyle Group and Clayton, Dubilier & Rice. Home Depot expects about 7.9 billion cash proceeds. HD Supply operates a Baytown distribution center and a Garth Road store.
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Clayton, Dubilier & Rice
Stocks rebound on hopes of Fed rate cut and bargain hunting
Wall Street surged as investors bought beaten shares amid optimism for a Fed rate cut. The Dow climbed 247.44 to 13,289.29, the S&P 500 rose 31.40 to 1,463.76, and the Nasdaq gained 62.52 to 2,563.16 as energy and tech led gains and Altria spun off Philip Morris International.
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Police arrest man after found intoxicated on Yupon Street
Baytown police found a 27 year old man passed out in the 1200 block of Yupon Street around 8 p.m. Tuesday. Paramedics declared no injuries. He had a felony firearm possession warrant and was arrested. Earlier, a 39 year old McNair man was arrested for criminal trespass at a truck stop on Thompson Road. He is a known panhandler who accosts customers and has been warned to stay off the property.
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Missing blue 2003 Ford Expedition reported stolen
A blue 2003 Ford Expedition with TX-LP 8XP-P58 was reported stolen from the 6900 block of North Main Street. Baytown Police say the vehicle was taken between 11 p.m. Monday and 7 a.m. Tuesday.
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North Main Street
Baytown
Wallet left at McDonald’s found by Baytown police
A woman left her wallet at a McDonald’s in the 1700 block of Decker Drive and it was turned into Baytown Police around noon Tuesday. The finder reported the item to authorities and the wallet's owner can identify it for retrieval.
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Baytown Police
McDonald’s
Decker Drive
Cell Phone Theft Reported on Alexander Drive
A woman told Baytown Police on Tuesday that a $52 cell phone was stolen from USA Washateria located in the 100 block of North Alexander Drive.
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Alexander
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USA Washateria
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Chevy stolen from Exxon refinery gate in Texas
An orange 1990 Chevy extra cab truck with TX 41G GK5 was stolen from the Exxon refinery contractors gate between 6 AM and 5 PM Tuesday. Police are investigating the theft and seeking information on the vehicle and any witnesses.
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Exxon
Hit-and-run driver goes to church
A man told police a hit-and-run struck his car in the 1200 block of Missouri Street. The driver fled the scene and then pulled into a church parking lot, according to authorities.
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Missouri Street
Baytown Police Beat Totals 157 Calls In 24 Hours
Between 6 am Tuesday and 6 am Wednesday Baytown Police logged 157 calls including 12 alarms three auto thefts one burglary of an automobile one burglary of a building four reports of criminal mischief 10 disturbances two forgeries one sexual assault seven thefts two major accidents and 12 minor accidents Crime Stoppers pays cash for tips and callers remain anonymous Call 281-427-TIPS The beat is posted on the City of Baytown site www baytown.org
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