Date:	--/--/-- --:--:--
Event Id:	E5DDY3YBI
Action Type:	ACQUISITION
Action Status:	ANNOUNCED
Acquirer Symbol:
Target Symbol:	GMS
Updated:	--/--/-- --:--:--
Purchase Price Per Share:	110
Price Per Share Currency:	USD
News References:	https://www.prnewswire.com/news-releases/the-home-depot-enters-into-agreement-for-srs-distribution-to-acquire-gms-302494252.html

Action Notes

The Home Depot, has entered into a definitive agreement for its specialty trade distribution subsidiary, SRS Distribution Inc. ("SRS"), to acquire GMS Inc. ("GMS"), a leading North American specialty building products distributor. Under the terms of the merger agreement, a subsidiary of SRS will commence a cash tender offer to purchase all outstanding shares of GMS common stock for $110 per share, reflecting a total equity value of approximately $4.3 billion and implying a total enterprise value (including net debt) of approximately $5.5 billion. The consummation of the tender offer is subject to customary closing conditions, including the receipt of required regulatory approvals and the tender of a number of shares of GMS common stock representing a majority of the then-outstanding shares, and is expected to be completed by the end of fiscal 2025.