The Home Depot completes $5.5 billion acquisition of GMS Inc. through its specialty distribution unit, SRS Distribution. CEO Ted Decker highlights cross-selling opportunities and expanded capabilities for serving professional contractors. The tender offer for GMS shares closed with 79.5% of shares tendered at $110 per share in cash. Home Depot’s stock closed at $411.69 on Thursday, up 1.55%. The merger makes GMS a direct subsidiary of SRS and an indirect subsidiary of The Home Depot, strengthening its position as a building products distributor.

Read more at Nasdaq: Home Depot Completes $5.5 Bln Acquisition Of GMS Through SRS Distribution