Home Depot Wins Bidding War, Will Acquire GMS for $4.3B
1. Home Depot agrees to purchase GMS for $4.3 billion. 2. Tender offer set at $110 per share, outbidding QXO's $95.20. 3. GMS shares increased by 12% to $108.79 after the announcement. 4. Deal expected to enhance service options for Pro customers. 5. Home Depot stock declined by 0.8% amid the news.