Home Depot Wins Bidding War, Will Acquire GMS for $4.3B

Do you have a news tip for Investopedia reporters? Please email us at "Following careful consideration of The Home Depot's proposal, along with other potential opportunities for the Company, our Board determined that this transaction is in the best interests of GMS and all of our shareholders," GMS Chair John Gavin said. GMS shares soared 12% in intraday trading to $108.79 and have risen almost 30% this year. Home Depot shares slipped 0.8%, while QXO stock is up 3%. "The combination of GMS and SRS will prov ...