Home Depot’s unit SRS Distribution to acquire GMS for $4.3 billion, amid threats of hostile takeover from QXO. SRS offers $110 per GMS share, a 36% premium. GMS shares jump 11.8%. QXO made $95.20 per share offer. Deal valued at $5.5 billion. Combined business to expand distribution footprint. Deal expected to close by fiscal 2025. Financial advisers: BofA Securities, J.P. Morgan Securities.
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