GMS (GMS) News Today

Shares of GMS Inc. (NYSE:GMS) have reacted strongly this week following Home Depot’s agreed $5.5 billion takeover and the stock’s impending removal from the S&P 600 index. Other unrelated mentions of “GMS” in sports and motorsports have had little direct impact on GMS Inc.’s share price.

• Positive Sentiment: Home Depot agrees to acquire building-materials distributor GMS for $5.5 billion, representing a premium valuation for GMS shareholders. Home Depot’s $5.5B Power Move: GMS Now Under Its Roof
• Positive Sentiment: The Home Depot and SRS Distribution complete the acquisition of GMS, finalizing the transaction and integrating GMS’s pro-customer network. The Home Depot, SRS Distribution complete acquisition of GMS
• Negative Sentiment: Mirion Technologies will replace GMS Inc. in the S&P 600 index at the open on Sept. 9, leading to potential outflows as index funds rebalance. Mirion to replace GMS Inc. in S&P 600 at open on 9/9
• Neutral Sentiment: “GMs” in sports news: Tampa Bay Buccaneers’ GM Jason Licht is praised for locking up player extensions early—unrelated to GMS Inc.’s business operations. Buccaneers' Jason Licht showing other GMs how to get extensions done early
• Neutral Sentiment: GMS Race Cars (a separate motorsports entity) acquires SRX Racing assets from Ray Evernham, a transaction not connected to GMS Inc.’s core distribution business. GMS Race Cars acquires SRX assets