m_and_a
confidence high
sentiment neutral
materiality 1.00
Home Depot completes acquisition of GMS Inc. for $110.00 per share in cash
GMS Inc.
- Tender offer expired Sep 3 with 30.3M shares (~79.5%) validly tendered; merger completed Sep 4.
- GMS shareholders receive $110.00 per share in cash; shares to be delisted from NYSE and deregistered.
- Company repaid all outstanding obligations under Term Loan Facility, ABL Facility, and redeemed $350M 4.625% Senior Notes at 101.156%.
- All directors resigned; new directors appointed from Home Depot (Richard McPhail, Teresa Roseborough, Ann-Marie Campbell).
- Certificate of incorporation and bylaws amended and restated; Company now indirect wholly owned subsidiary of Home Depot.
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