Lowe’s Wins Court Approval to Buy 72 Orchard Supply Stores

Lowe’s Cos., the world’s second-largest home-improvement chain, will buy 72 stores from Orchard Supply Hardware Stores Corp. for about $205 million after the deal received bankruptcy court approval.

U.S. Bankruptcy Judge Christopher Sontchi, at a hearing today in Wilmington, Delaware, approved Orchard Supply’s sale of virtually all of its assets after no bids surfaced to challenge Lowe’s initial offer.