The Home Depot Announces Withdrawal and Refiling of HSR Notification and Tender Offer Extension for GMS Inc.

In a significant update from one of the biggest home improvement retailers, The Home Depot has announced the withdrawal and subsequent refiling of its premerger notification and report form under the Hart-Scott-Rodino (HSR) Act. This decision comes in light of their ongoing acquisition of GMS Inc. The tender offer, which allows The Home Depot to acquire all outstanding common shares of GMS at a cash price of $110.00 per share, was initially initiated on July 14, 2025.

The recent announcement made on August 9, 2025, highlights The Home Depot's commitment to compliance with regulatory frameworks. The decision to withdraw the premerger notification, which was first submitted on July 21, 2025, is aimed at providing the Antitrust Division of the U.S. Department of Justice more time to review the transaction. After the re-filing, the waiting period under the HSR Act will restart, extending until 11:59 p.m. Eastern Time on August 22, 2025.

This extension of the waiting period is crucial as it directly impacts the tender offer. Originally set to expire on August 8, 2025, the tender offer has now been extended to match the newly updated date under the HSR regulations. This means that the offer to acquire shares will now be valid until August 22, 2025, allowing both the company and shareholders more time to navigate this complex transaction.

The latest reports indicate that as of August 6, 2025, approximately 13,208,330 shares were validly tendered, representing about 34.7% of the outstanding shares of GMS. Shareholders who have already participated in the offer do not need to take any further action due to this extension.

D.F. King & Co., Inc. has been designated as the information agent for this tender offer. Shareholders with inquiries regarding the process or needing documents are encouraged to contact D.F. King directly at 800-331-7543 for shareholders or at 212-771-1133 for banks and brokers.

The Home Depot: A Leader in Home Improvement

The Home Depot stands as the world's predominant retailer in home improvement, operating over 2,350 retail locations worldwide, along with more than 800 branches and 325 distribution centers that fulfill customer orders across the U.S., Canada, and Mexico. With a workforce exceeding 470,000 employees, The Home Depot remains a vital player in the retail sector. Its shares are traded on the New York Stock Exchange under the ticker symbol HD and are included in prestigious indices like the Dow Jones Industrial Average and the S&P 500.

The ongoing acquisition of GMS Inc. aligns with The Home Depot's strategic initiative to expand its market presence and operational capabilities within the home improvement niche. GMS Inc. specializes in the distribution of wallboard, suspended ceilings, and other building materials, making this acquisition a strategic move to bolster their product offerings.

As developments unfold, The Home Depot reiterates its commitment to transparency and adherence to regulatory compliance throughout this process. With the extended period for the tender offer granted, stakeholders and interested parties are advised to remain alert to future announcements and updates. Shareholders are particularly encouraged to review any documents related to the tender offer and the special meeting involving GMS's recommendation as the date approaches.

Conclusion

The Home Depot's withdrawal and refiling of the premerger notification exhibit its proactive approach in dealing with federal regulations as it seeks to finalize the acquisition of GMS Inc. This shift marks a pivotal moment for both companies and sets the stage for potential growth opportunities in the evolving home improvement market.

For further details on the tender offer and related documentation, visit the official websites of The Home Depot and GMS or consult with the relevant authorities for regulatory updates pertaining to the HSR Act and the ongoing acquisition process.