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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 · 3d

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 · 3d

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

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.

5don MSN

QXO, Inc. (QXO) Offers to Acquire GMS Inc (GMS)

QXO, Inc. (NYSE:QXO) is one of the 11 Unstoppable Tech Stocks to Invest in. On June 21, Reuters reported Billionaire Brad ...

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 ...

13don MSN

Billionaire Brad Jacobs' QXO offers $5 billion for GMS, threatens to go hostile

Billionaire Brad Jacobs' new building-products distributor QXO made an offer on Wednesday to acquire GMS for about $5 billion ...

11d

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 ...

2don 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 ...

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 ...

13d

GMS Is The Right Fit For QXO's Long-Term Goal

QXO Inc.'s aggressive M&A strategy aims to consolidate the construction industry and leverage AI for operational advantages.

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.

Nasdaq15d

QXO Proposes to Acquire GMS for $95.20 Per Share in Cash - Nasdaq

QXO, Inc. today sent a proposal to the President and CEO of GMS Inc. to acquire all outstanding shares of GMS for $95.20 per share in cash. "Our all-cash proposal to acquire GMS for $95.20 per ...

13d

GMS stock jumps 29% on takeover interest from Home Depot, QXO, analysts raise PTs

GMS shares jump on takeover interest from Home Depot and QXO, setting up a potential bidding war in the construction supply ...

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