Home Depot's SRS Distribution to acquire GMS for $4.3 billion. The acquisition aims to boost sales to contractors and professionals. Integration will enhance GMS's offerings with SRS's existing business lines.
Home Depot agrees to purchase GMS for $4.3 billion. Tender offer set at $110 per share, outbidding QXO's $95.20. GMS shares increased by 12% to $108.79 after the announcement. Deal expected to enhance service options for Pro customers. Home Depot stock declined by 0.8% amid the news.
Home Depot's SRS Distribution will acquire GMS for $4.3 billion. The acquisition aims to boost sales to contractors and professionals. Integration of GMS's offerings will enhance SRS's business lines. The deal indicates GMS's strong market position in building products. Home Depot aims to leverage GMS for competitive advantage in its sector.
Home Depot will acquire GMS for $4.3 billion. GMS shares rose over 11% following the announcement. Home Depot aims to enhance contractor sales with this acquisition. The deal concludes a bidding war with billionaire Brad Jacobs. Completion of the acquisition is expected by early 2026.
Home Depot is acquiring GMS for approximately $4.3 billion. SRS Distribution will buy all GMS shares at $110 each. GMS shares surged over 11% following the acquisition news. Home Depot expects to complete the acquisition by early 2026. The acquisition ends a potential bidding war with Brad Jacobs.
SRS Distribution to acquire GMS for $4.3 billion, enhancing market position. This acquisition may strengthen GMS's operational capabilities and market reach.