Lowe's offers to buy Orchard Supply

Lowe's offers to buy Orchard Supply for $205M
Associated Press

FILE - A customer leaves Orchard Supply Hardware store in Mountain View, Calif., in this Jan. 3, 2012 file photo. Lowe’s says it plans to expand its California presence with an acquisition of Sears spinoff Orchard Supply Hardware Stores for about $205 million in cash. Orchard Supply filed a voluntary Chapter 11 bankruptcy petition on Monday June 17, 2013, so the offer from Lowe’s will become the “stalking horse” bid for an auction of Orchard’s assets. (AP Photo/Paul Sakuma, File)

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