Home Depot said on Monday unit SRS Distribution has agreed to acquire specialty building products distributor GMS for about $4.3 billion, amid threats of a hostile takeover from rival QXO. SRS has offered $110 per GMS share held,

Home Depot is buying specialty building products distributor GMS for $4.3 billion, the second notable acquisition in a little over a year that emphasizes a deliberate push by the home improvement chai

GMS’s drywall and steel-frame products could be rolled into Home Depot’s SRS Distribution roofing, landscaping and pool-products business.