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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 $4.3 Billion Deal for GMS

(Reuters) -Home Depot said on 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. The deal also comes amid threats of a hostile takeover for GMS from billionaire Brad Jacobs-led rival QXO.

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 ...

3don MSN

Home Depot heads deeper into the building supply business with $5 billion acquisition of GMS

A subsidiary of Home Depot’s SRS Distribution Inc., the supply company it bought last year, will start a cash tender offer to ...

QXO turns attention elsewhere as Home Depot nabs GMS - source

Home Depot’s agreement to acquire building products distributor GMS, Inc. for $110 per share in cash has prompted Brad Jacobs-led QXO Inc. (NYSE:QXO) to shift its focus to other targets, according to ...

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 ...

Investing3d

Home Depot to acquire GMS stock for $110 per share, outbidding QXO

Meanwhile, RBC Capital has raised its price target for GMS to $95.20, aligning with QXO’s offer, and maintains a Sector Perform rating.

Wall Street Journal3d

Home Depot Wins Bidding War to Buy GMS for $4.3 Billion

Home Depot will buy building-products distributor GMS for about $4.3 billion, winning a bidding war over roofing-products distributor QXO. Including debt, the transaction is valued at about $5.5 ...

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

Home Depot's announcement also concludes a potential bidding war between the big-box retailer and billionaire Brad Jacobs.

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