Buy Home Depot (HD) or GMS (GMS) Stock After Acquisition Announcement?

Aiming to expand its reach to professional contractors, Home Depot (HD)  announced it will be acquiring GMS Inc. (GMS)  for $4.3 billion or $5.5 billion when including debt.As a distributor of wallboard and suspended ceiling systems, GMS will strengthen Home Depot’s position in the specialty building products space with the deal expected to close by the end of the year or early 2026. HD & GMS Stock Performance Notably, the acquisition announcement caused GMS stock to spike +11% on Monday, with HD shares sli ...