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The Home Depot announced it has received clearance from the Canadian Competition Bureau, in the form of no-action letter, in connection to the company’s previous tender offer to purchase through its wholly owned subsidiary Gold Acquisition Sub, Inc. (Purchaser), all of the outstanding shares of common stock of GMS, at $110 per share in cash, without interest and subject to any required withholding of taxes.
The no-action letter from the Canadian Competition Bureau satisfies the remaining antitrust law-related condition necessary for the consummation of the tender offer and the transactions under the previously announced merger agreement, by and among The Home Depot, Purchaser and GMS.
The tender will expire on September 3, 2025, unless the tender offer is extended further or earlier terminated in accordance with the agreement.
