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Home Depot Enters Into Agreement For SRS Distribution To Acquire GMS

ReutersJun 30, 2025 12:03 PM

- GMS Inc GMS.N:

  • HOME DEPOT INC: SRS UNIT TO COMMENCE A CASH TENDER OFFER TO PURCHASE ALL OUTSTANDING SHARES OF GMS COMMON STOCK FOR $110 PER SHARE

  • HOME DEPOT INC: ENTERS INTO AGREEMENT FOR SRS DISTRIBUTION TO ACQUIRE GMS

  • HOME DEPOT INC: PROPOSED DEAL FOR TOTAL EQUITY VALUE OF ABOUT $4.3 BILLION

  • HOME DEPOT INC: DEAL HAS TOTAL ENTERPRISE VALUE (INCLUDING NET DEBT) OF APPROXIMATELY $5.5 BILLION

  • HOME DEPOT : DEAL IS EXPECTED TO BE ACCRETIVE TO ADJUSTED EPS IN FIRST YEAR FOLLOWING CLOSING, EXCLUDING SYNERGIES

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