08:16 AM EDT, 06/30/2025 (MT Newswires) -- Home Depot ( HD ) subsidiary SRS Distribution will acquire all outstanding shares of GMS (GMS) for $110 per share, or about $5.5 billion, GMS said Monday.

The acquisition is expected to close by the end of January, subject to customary closing conditions, regulatory approvals and the tender of a majority of GMS shares then outstanding, according to GMS.

Shares of GMS were up more than 10% while HD shares were inactive in recent premarket activity.