The Home Depot recently announced a significant development regarding its proposed acquisition of GMS Inc. In a statement released on August 7, 2025, the company confirmed the withdrawal and subsequent refiling of its Premerger Notification and Report Form under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act. This procedural step is a common occurrence in large merger and acquisition processes and is undertaken to ensure all regulatory requirements are met.
Alongside this regulatory update, The Home Depot also announced an extension of its tender offer to acquire all outstanding shares of GMS Inc. The tender offer, initially set to expire on August 12, 2025, has now been extended until September 16, 2025. This extension provides additional time for shareholders to consider the offer and for the company to navigate the regulatory review process.
The HSR Act requires parties to certain large transactions to notify the Federal Trade Commission (FTC) and the Department of Justice (DOJ) and to wait a prescribed period before closing the deal. This review is designed to prevent mergers that could substantially lessen competition. The withdrawal and refiling of the HSR form typically indicates that the parties are responding to requests for additional information or clarification from the reviewing agencies, allowing for a more thorough examination of the proposed transaction’s impact.
The Home Depot’s intention to acquire GMS Inc., a leading distributor of specialty building materials, was first announced in June 2025. The proposed acquisition is part of The Home Depot’s broader strategy to expand its reach in the professional contractor market and enhance its offering of building materials. The company believes that combining its scale and expertise with GMS’s established distribution network and product portfolio will create significant value for customers and shareholders.
While the refiling and extension are procedural steps, they underscore the careful and thorough approach The Home Depot is taking to ensure a successful integration of GMS Inc. The company remains committed to completing the transaction and looks forward to welcoming GMS Inc. into The Home Depot family. Further updates on the transaction will be provided as they become available.
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PR Newswire People Culture published ‘The Home Depot Announces Withdrawal and Refiling of P remerger Notification and Report Form under the HSR Act and Extension of Tender Offer to Acquire GMS Inc.’ at 2025-08-07 20:15. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.