Wolseley plc (NYSE:WOS) shares rose $1.86, or 7.18%, to $27.78 today after UK newspaper CityAM reported that Cinven has been working with Goldman Sachs to identify a buyer for its Wolseley US operations. The private equity firm reportedly approached Home Depot (NYSE:HD) about a possible sale, but was quickly rebuffed. Many investors believe that Wolseley's weakened share price - as a result of the housing bubble - makes it an attractive target, while today's interest rate hike improves its future prospects. Combined, this makes for a great opportunity for someone to step in and make a bid for the company. While all of this is still unconfirmed speculation, it does make WOS a stock that is definitely worth watching over the next few weeks!

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