The company said it completed the SRS acquisition through the merger on June 18, 2024 and paid a total purchase price of $18,250,000,000, subject to customary adjustments for SRS's debt, cash, transaction expenses and net working capital.

1. 01

   The company said it completed the SRS acquisition through the merger on June 18, 2024 and paid a total purchase price of $18,250,000,000, subject to customary adjustments for SRS's debt, cash, transaction expenses and net working capital.

2. 02

   The Home Depot said in its press release that the total enterprise value of the SRS acquisition was approximately $18.25 billion. It described SRS as a residential specialty trade distributor serving professional roofers, landscapers and pool contractors.

3. 03

   The company said that at the effective time of the merger, SRS common stock was converted into the right to receive the estimated merger consideration, and vested, unexercised in-the-money options were canceled and converted into the same right. Some SRS management team members reinvested a portion of their after-tax merger proceeds in the company's common stock, and those shares are subject to transfer restrictions.

4. 04

   The company said the acquisition will increase its total addressable market to approximately $1 trillion, an increase of approximately $50 billion. It also said SRS currently operates more than 760 locations across 47 states.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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