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- Following in the footsteps of QXO’s (QXO) bid on Wednesday for GMS (NYSE:GMS) for $95.20 per share, for a transaction value of ~$5B, Home Depot (NYSE:HD) is also interested in acquiring the construction products distributor.
- Home Depot’s offer is unclear at this point, The Wall Street Journal reported.
- GMS distributes wallboard, ceilings, steel framing, and construction products, as well as commercial and residential building materials. It operates through tool sales, rental, and service centers, as well as a network of distribution centers.
- GMS closed Thursday up ~11%, and rose another ~17% in after-hours trading after the Journal report broke.
More on Home Depot, GMS
- GMS Inc. (GMS) Q4 2025 Earnings Call Transcript
- GMS Inc. 2025 Q4 – Results – Earnings Call Presentation
- Home Depot: Dodges The President’s Ire But Not The U.S. Consumer
- GMS shares soar 17% on QXO takeover proposal for $5B in all-cash deal
- GMS anticipates Q1 adjusted EBITDA of $132M-$137M as cost savings drive leaner operations