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Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Taurus Asset Management LLC

  • Lowe's Companies, Inc. Announced its definitive agreement to acquire Artisan Design Group on April 14, 2025.
  • Lowe's aims to expand its Pro offerings and addressable market in the fragmented interior surface finish market.
  • ADG provides design, distribution, and installation services for flooring, cabinets, and countertops, serving builders and managers.
  • Lowe's will acquire ADG for $1.325 billion in cash; ADG's 2024 revenue was about $1.8 billion.
  • The deal should close in the second quarter of 2025, pending regulatory approvals and customary conditions.
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LOWE'S ANNOUNCES AGREEMENT TO ACQUIRE ARTISAN DESIGN GROUP, A LEADING PROVIDER OF DESIGN, DISTRIBUTION AND INSTALLATION SERVICES FOR INTERIOR FINISHES TO HOME BUILDERS AND PROPERTY MANAGERS

MOORESVILLE, N.C. and DALLAS, TEXAS, April 14, 2025 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today announced it has entered into a definitive agreement to acquire Artisan Design Group ("ADG") for $1.325 billion.

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modernreaders.com broke the news in on Sunday, April 13, 2025.
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