Lowe’s Companies Inc. (NYSE: LOW) plans to buy the majority of Orchard Supply Hardware Stores Corp.’s (Nasdaq: OSH) assets for $205 million through a bankruptcy auction.

Orchard was placed on Mergers & Acquisitions June 11 Distressed Company Watch List after it indicated in filings with the U.S. Securities and Exchange Commission that it doubted its ability to continue as a going conern, or without the threat of liquidation. The company filed for Chapter 11 bankruptcy protection on June 17 in the U.S. Bankruptcy Court for the District of Delaware in Wilmington.

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