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Home Depot continues its building-products expansion with reported bid for GMS – Vested Daily
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Home Depot continues its building-products expansion with reported bid for GMS

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Published:

Home Depot Inc. is looking to build up its building-products offerings, as the home-improvement retail giant has reportedly entered a battle to buy ceilings, wallboard and tools supplier GMS Inc.

The late-Thursday report of Home Depot’s buyout offer

by the Wall Street Journal comes a day after roofing products company QXO Inc. made an “unsolicited” bid valued at $5 billion for GMS. It also comes almost exactly a year after Home Depot completed its largest-ever acquisition, the $18.25 billion purchase of roofing, landscaping and pool products distributor SRS Distribution Inc.

This post was originally published on Market Watch

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