The Home Depot Disclosed An Agreement To Acquire SRS Distribution For A Total Enterprise Value (Including Net Debt) Of Approximately $18.25B
Portfolio Pulse from Benzinga Newsdesk
The Home Depot announced an agreement to acquire SRS Distribution for a total enterprise value of approximately $18.25 billion, including net debt. This strategic acquisition is expected to significantly expand The Home Depot's footprint in the building materials and supplies sector.
March 28, 2024 | 10:27 am
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The Home Depot's acquisition of SRS Distribution for $18.25 billion marks a significant expansion in the building materials sector.
The acquisition of SRS Distribution by The Home Depot is a strategic move to expand its presence in the building materials and supplies sector. This could potentially increase The Home Depot's market share and revenue in this segment, making it a positive development for the company's stock in the short term. The significant investment indicates a strong commitment to growth in this area, which could be viewed positively by investors.
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