GMS To Be Acquired By Home Depot Subsidiary SRS Distribution In $5.5B Deal At $110 Per Share
Author: Benzinga Newsdesk | June 30, 2025 07:07am
GMS Inc. (NYSE:GMS) (the "Company"), a leading North American specialty building products distributor, today announced the Company has entered into a definitive agreement with The Home Depot®, the world's largest home improvement retailer, to be acquired by its specialty trade distribution subsidiary, SRS Distribution ("SRS"). Under the terms of the agreement, a subsidiary of SRS will commence a tender offer to acquire all outstanding shares of GMS common stock for $110.00 per share, for a total enterprise value (including net debt) of approximately $5.5 billion.
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