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Home Depot, GMS

Home Depot Subsidiary to Acquire GMS for $5.5 Billion, Outbidding Rival QXO

The Home Depot offer trumps the rival bid for GMS by QXO, a construction-supplies company run by Brad Jacobs that recently purchased Beacon Roofing Supply for $11 billion. Earlier this month, QXO had made an unsolicited offer of about $5 billion, or $95.20 a share, for GMS. Home Depot’s $110-per-share offer is nearly 16% higher than that.

Investopedia on MSN · 4d

Home Depot Wins Bidding War, Will Acquire GMS for $4.3B

Home Depot has won a bidding war for GMS, striking a deal to buy the building-products distributor for $4.3 billion, or $5.5 billion including debt.

Reuters on MSN · 4d

Home Depot targets contractors, rivals with US$4.3 billion deal for GMS

Home Depot HD.N said Monday unit SRS Distribution has agreed to acquire specialty building products distributor GMS for about $4.3 billion, stepping up its efforts to capture more demand from professional contractors.

11h

Why GMS Stock Crushed It This Week

Lately, GMS (NYSE: GMS) has done very well on the stock market for a company that'll soon cease to be an independent business ...

12d

GMS: Will QXO's Bid Unlock Its Potential? (Rating Upgrade)

In FY2025, despite steady revenues, GMS's cash flow from operations (or CFO) declined by 11% compared to a year ago. Free ...

StockStory.org on MSN4d

GMS (GMS) Shares Skyrocket, What You Need To Know

Shares of building materials distributor GMS (NYSE:GMS) jumped 11.7% in the afternoon session after the company announced it ...

4don MSN

Home Depot is buying GMS for about $4.3 billion as it chases more home pros

Home Depot bought SRS Distribution — the subsidiary that’s acquiring GMS — last year for $18.25 billion, in the largest ...

4don MSN

Why GMS Stock Is Soaring Today

Home Depot apparently made its intentions clear over the weekend. On Monday, the home improvement retail giant announced it had reached a deal to acquire GMS for $110 per share. The deal, which will ...

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