Home Depot (HD.US) announced on Monday that its wholly-owned subsidiary Gold Acquisition Sub has extended the deadline for its cash tender offer to acquire all outstanding shares of GMS Inc (GMS.US) at $110 per share. The offer, originally scheduled to expire on August 22, has been extended to 11:59 PM Eastern Time on September 3, 2025. As of the original expiration date, approximately 29.3 million GMS shares, representing 77% of the total outstanding shares, had been tendered.
The transaction, announced on June 29, 2025, still requires approval from Canadian regulatory authorities and the tender of more than half of the outstanding shares to be completed. As the world's largest home improvement retailer, Home Depot operates over 2,353 stores across the United States, Canada, and Mexico, with more than 800 branches and 325 distribution centers, employing over 470,000 people globally.
The tender offer is being executed pursuant to a previously announced merger agreement between Home Depot and its subsidiaries with GMS Inc. Home Depot has previously stated that the combined business unit would create an extensive network covering over 1,200 locations with more than 8,000 delivery vehicles, capable of completing tens of thousands of job site deliveries daily.
Broadridge Corporate Issuer Solutions, LLC serves as the depositary for the tender offer, while D.F. King & Co., Inc. serves as the information agent.
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