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Home Depot buying U.S. Home for 38% premium

8/7/12 8:23 AM ET (MarketWatch)

NEW YORK (MarketWatch) -- Home Depot Inc. said Tuesday it'll pay $12.50 a share in cash to buy U.S. Home Systems Inc. , a supplier of kitchen and bath refacing products. The price amounts to a premium of 38% over United Home System's closing share price of $9.06 on Monday. The Irving, Texas, company's market capitalization stood at $68 million on Monday. "The Home Depot has had a long-standing relationship with USHS," the Atlanta-based retailer said. "By formally bringing USHS into the Home Depot family, we expect to further enhance our customers' home service experience."