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Stock impact report

Why GMS Inc. Stock Just Popped 10% [The Motley Fool]

GMS Inc. (GMS) 
Last gms inc. earnings: 3/5 06:00 am Check Earnings Report
US:NYSE Investor Relations: investor.gms.com
Company Research Source: The Motley Fool
GMS is taking Canada by storm. Rich Smith ( TMFDitty ) Apr 5, 2018 at 3:53PM What happened Shares of U.S. wallboard and suspended ceilings systems distributor GMS Inc ( NYSE:GMS ) popped 13% in early trading Thursday and remained up 10.2% as of 2:40 p.m. EDT after announcing a large acquisition in America's neighbor to the north. So what As announced earlier this morning, GMS has agreed to acquire 100% of the equity of Canada's largest wallboard distributor, WSB Titan, in a deal valued at $627 million. Commenting on the acquisition, GMS CEO Mike Callahan noted: The acquisition of Titan further extends our leadership position as the largest wallboard distributor in North America with significant scale advantages and a well-balanced portfolio built for growth. In addition to being America's largest drywall distributor, GMS now will hold that ti Show less Read more
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