Home Depot Inc. has agreed to acquire GMS Inc. for $4.3 billion, expanding its reach to professional contractors.
The deal values GMS at $110 per share, a 13% premium to its closing price on Friday, and will broaden SRS Distribution’s footprint in exterior materials across the US and Canada. Drew Reading, Bloomberg Intelligence Homebuilder Analyst, joins Bloomberg Intelligence to report on Home Depot’s recent purchase of GMS. (Source: Bloomberg)
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Home Depot to Buy GMS for $4.3 Billion
