The retailer’s SRS subsidiary will initiate a cash tender offer to acquire all GMS common stock for $110 per share.

Home Depot said Monday that it is buying GMS, a building-products distributor, for about $4.3 billion as the retailer moves to draw more sales from contractors and other home professionals

Home Depot is buying specialty building products distributor GMS for $4.3 billion, emphasizing a deliberate push by the home improvement chain into building and materials supply.