BRIEF-Home Depot Enters Into Agreement For SRS Distribution To Acquire GMS-February 2024-www.financetom.com

BRIEF-Home Depot Enters Into Agreement For SRS Distribution To Acquire GMS

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BRIEF-Home Depot Enters Into Agreement For SRS Distribution To Acquire GMS

Jun 30, 2025 5:40 AM

June 30 (Reuters) - GMS Inc ( GMS ):

* HOME DEPOT INC ( HD ): SRS UNIT TO COMMENCE A CASH TENDER OFFER

PURCHASE ALL OUTSTANDING SHARES OF GMS COMMON STOCK FOR $110 PER

* HOME DEPOT INC ( HD ): ENTERS INTO AGREEMENT FOR SRS DISTRIBUTION

ACQUIRE GMS

* HOME DEPOT INC ( HD ): PROPOSED DEAL FOR TOTAL EQUITY VALUE OF

ABOUT

$4.3 BILLION

* HOME DEPOT INC ( HD ): DEAL HAS TOTAL ENTERPRISE VALUE (INCLUDING

NET

DEBT) OF APPROXIMATELY $5.5 BILLION

* HOME DEPOT ( HD ) : DEAL IS EXPECTED TO BE ACCRETIVE TO ADJUSTED

EPS IN

FIRST YEAR FOLLOWING CLOSING, EXCLUDING SYNERGIES

Source text:

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