Hardware at Home Depot

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Home Depot, GMS

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 buy all outstanding shares of GMS for $110 per share. The total equity value of the transaction is approximately $4.3 billion. The deal is worth about $5.5 billion, including debt.

Financial Times · 3d

Home Depot agrees $5.5bn deal for building product supply group GMS

Retailer’s offer slows effort by billionaire Brad Jacobs to create construction materials empire through QXO venture

Fortune on MSN · 2d

Home Depot’s $5 billion purchase of an unsexy building products distributor is a prime example of smart M&A

What’s more, GMS operates roughly 100 tool sales, rental and service centers for residential and commercial contract customers, all things Home Depot covets. The deal follows Home Depot’s $18 billion landmark acquisition last year of SRS Distribution (which is the entity actually buying GMS).

24d

Home Depot caught in the crosshairs of L.A. immigrations raids

Hardware store chain Home Depot has become the site of several immigration raids across the L.A. area., with officials ...

25d

How LA erupted over rumours of immigration raid at a hardware store

Juan and several friends huddled in the car park of a hardware store near Los Angeles, where protests have erupted against US President Donald Trump's immigration crackdown. Typically, their ...

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Home Depot, GMS

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