The latest update is out from Home Depot (HD).
The Home Depot, Inc. has announced its plan to acquire SRS through a merger valued at $18.25 billion, subject to adjustments. The deal will result in SRS becoming a wholly owned subsidiary of The Home Depot, with SRS shareholders receiving a portion of the merger consideration for their shares and in-the-money options. The merger agreement includes standard representations, warranties, covenants, and conditions, with certain SRS management members reinvesting in The Home Depot’s stock post-transaction. The agreement also outlines conditions for completion, regulatory approvals, and termination rights, including a significant termination fee under specific circumstances.
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