GMS Inc is a leading distributor of building materials, specializing in gypsum wallboard, acoustical ceiling tiles, and other related products for commercial and residential construction. The company serves a diverse customer base, including contractors, builders, and construction supply companies, offering an extensive range of products that support a variety of construction projects. In addition to distribution, GMS Inc provides value-added services such as logistics and inventory management, helping customers streamline their operations and enhance project efficiency. With a strong network of locations across the United States and a commitment to quality and customer satisfaction, GMS Inc plays a vital role in the construction supply chain. Read More
Barclays, Baird, and Loop Capital have raised their price target on GMS to $110 as the deal with Home Depot gives the building products distributor a chance to revive earnings amid residential and commercial demand pressure
Shares of building materials distributor GMS (NYSE:GMS) jumped 11.7% in the afternoon session after the company announced it had agreed to be acquired by The Home Depot's subsidiary, SRS Distribution. The all-cash deal values the specialty building products distributor at $110.00 per share, for a total enterprise value of approximately $5.5 billion.
The Home Depot Inc. is acquiring GMS Inc. for $4.3B, expanding its reach in the pro contractor space and adding to its capabilities and service offerings.
BALA CYNWYD, Pa., June 30, 2025 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.
Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of GMS Inc. (NYSE: GMS) to SRS Distribution for $110.00 per share is fair to GMS shareholders.
GMS Inc. (NYSE: GMS) (the “Company”), a leading North American specialty building products distributor, today announced the Company has entered into a definitive agreement with The Home Depot®, the world's largest home improvement retailer, to be acquired by its specialty trade distribution subsidiary, SRS Distribution (“SRS”). Under the terms of the agreement, a subsidiary of SRS will commence a tender offer to acquire all outstanding shares of GMS common stock for $110.00 per share, for a total enterprise value (including net debt) of approximately $5.5 billion.
U.S. stock futures are up Monday morning, but only marginally as tensions continue to flare in the Middle East, following American airstrikes on Iranian nuclear facilities over the weekend.
Shares of building materials distributor GMS (NYSE:GMS) jumped 26.2% in the afternoon session after Home Depot joined QXO in a bidding war to acquire the company.
Let's have a look at what is happening on the US markets in the middle of the day on Friday. Below you can find the top gainers and losers in today's session.