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GMS, Home Depot

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.

Reuters on MSN · 1d

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.

NBC News on MSN · 1d

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

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

4don 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 ...

1don MSN

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

Home Depot is buying specialty building products distributor GMS for $4.3 billion, the second notable acquisition in a little ...

11don 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 ...

13d

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

QXO, Inc. (NYSE: QXO) today sent a proposal to the President and CEO of GMS Inc. (NYSE: GMS) to acquire all outstanding ...

1don 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 ...

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 ...

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 ...

LBM Journal12d

QXO Proposes to Acquire GMS

QXO, Inc. sent a proposal to the President and CEO of GMS Inc. to acquire all outstanding shares of GMS for $95.20 per share ...

11d

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.

1don MSN

Home Depot heads deeper into the building supply business with GMS acquisition

Home Depot is buying specialty building products distributor GMS for $4.3 billion, emphasizing a deliberate push by the home ...

1don MSN

Why GMS Stock Is Soaring Today

Home Depot apparently made its intentions clear over the weekend. On Monday, the home improvement retail giant announced it ...

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