Lowe’s Companies Inc. (NYSE: LOW) has been given approval by the U.S. Bankruptcy Court for the District of Delaware to purchase assets from bankrupt Orchard Supply Hardware for $205 million.

Lowe’s is buying 72 Orchard stores, and expects the deal to close by the end of August.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.