HD Stock Recent News

Home Depot (HD) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Live Updates Live Coverage Has Ended MSFT Trades at New Highs 12:41 pm by Gerelyn Terzo Big Tech stock Microsoft (Nasdaq: MSFT) has soared to a fresh all-time high of nearly $500 per share, for a market cap of $3.7 trillion. Nvidia (Nasdaq: NVDA) still holds the crown as the most valuable listed company on the planet, with a market cap of $3.8 trillion. The Nasdaq Composite is currently up 0.26%. Market Movers 10:18 am by Gerelyn Terzo Building products company GMS (NYSE: GMS) is up nearly 12% after a subsidiary of Dow component Home Depot (NYSE: HD) won a bidding war to acquire the company. Shares of HD are down slightly, as is typical with the buying entity. Financial stocks Goldman Sachs (NYSE: GS) and Wells Fargo (NYSE: WFC) are up 2% and 1%, respectively, after passing the Federal Reserve’s banking stress test with flying colors. Bullish on Broadcom 9:58 am by Gerelyn Terzo Jefferies analysts have reiterated their “buy” rating on Broadcom (Nasdaq: AVGO) while lif

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Home Depot is buying specialty building products distributor GMS Inc. in a deal valued at approximately $4.3 billion.The Atlanta home improvement chain said Monday the transaction will help strengthen Home Depot's relationship with professional contractors.GMS of Tucker, Georgia, is a distributor of specialty building products including drywall, ceilings, steel framing and other complementary products related to construction and remodeling projects in residential and commercial end markets.As part of the deal, a subsidiary of Home Depot's SRS Distribution Inc. will start a cash tender offer to buy all outstanding shares of GMS for $110 per share. The total equity value of the transaction is approximately $4.3 billion.

Home Depot (HD) has won a bidding war for GMS (GMS), striking a deal to buy the building-products distributor for $4.3 billion, or $5.5 billion including debt.

Last year, Home Depot acquired SRS Distribution, a distributor for roofing firms and construction projects.

GMS shares jumped almost 12% after it was revealed it is being acquired by Home Depot Inc (NYSE:HD, ETR:HDI)'s specialty trade distribution subsidiary SRS. The deal values GMS, a leading North American distributor of specialty building products, at $4.3 billion in equity and about $5.5 billion including debt.

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

Home Depot's SRS Distribution unit is buying GMS, a building-products distributor, for about $4.3 billion. Home Depot is trying to attract more sales from contractors and other home professionals.

Home Depot said on Monday unit SRS Distribution has agreed to acquire specialty building products distributor GMS for about $4.3 billion.