The Home Depot's Early Termination of HSR Waiting Period for GMS Inc. Acquisition
Home Depot's Strategic Move: A Step Towards Acquisition of GMS Inc.
On August 22, 2025, The Home Depot® made headlines by announcing that the Antitrust Division of the United States Department of Justice has granted the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act). This significant development pertains to Home Depot's previously announced public offer to acquire all outstanding common shares of GMS Inc. (NYSE: GMS) at a cash price of $110 per share. This prospective transaction, executed through its wholly owned subsidiary, Gold Acquisition Sub, Inc. (the “Buyer”), aims to consolidate The Home Depot’s position in the home improvement market.
Understanding the Acquisition Offer
The early termination of the HSR waiting period represents a crucial step toward the completion of the acquisition. This termination satisfies one of the key conditions necessary for the consummation of the previously announced merger agreement dated June 29, 2025, between The Home Depot, Buyer, and GMS (the
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