Lowe'sFrom Lowe'sBusiness Strategy AlignmentLowe's Acquires Bankrupt Hardware Chain, to Pay SuppliersLowe's Companies announced its acquisition of the majority of assets of Orchard Supply Hardware has been approved by the U.S. Bankruptcy Court for the District of Delaware. Lowe's will acquire 72 Orchard stores for approximately $205m in cash, plus the assumption of payables owed to nearly all of Orchard's supplier partners. Lowe's expects to close the transaction by the end of August.August 27, 2013Page 1 of 1