Business
The Home Depot Announces Extension of Tender Offer to Acquire GMS Inc.
The Home Depot® announced today that its wholly owned subsidiary, Gold Acquisition Sub, Inc. ("Purchaser"), has extended the expiration date of its tender offer to purchase, subject to certain conditions, all of the outstanding shares of common stock of GMS (the "Shares"), at a price of $110.00 per Share in cash, without interest and subject to any required withholding of taxes.
About this update from Home Depot, Inc. (the)
[{"type":"text","content":"ATLANTA, Aug. 25, 2025 /PRNewswire/ -- The Home Depot® announced today that its wholly owned subsidiary, Gold Acquisition Sub, Inc. ("Purchaser"), has extended the expiration date of its tender offer to purchase, subject to certain conditions, all of the outstanding shares of common stock of GMS (the "Shares"), at a price of $110.00 per Share in cash, without interest and subject to any required withholding of taxes.","length":440,"tagName":"p"},{"type":"image","alt":"The Home Depot logo. (PRNewsFoto/The Home Depot) (PRNewsFoto/)","displaySize":"","headline":null,"caption":"The Home Depot logo. (PRNewsFoto/The Home Depot) (PRNewsFoto/)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/6d86ee3880c659677a59471f0a4ea18b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/0BFXRT_0OdLurSkEQCgL1g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/6d86ee3880c659677a59471f0a4ea18b","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/118058/THE_HOME_DEPOT_LOGO_v1.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The offer, which was previously scheduled to expire at one minute after 11:59 p.m., Eastern time, on Friday, August 22, 2025, has been extended until one minute after 11:59 p.m., Eastern time, on Wednesday, September 3, 2025.","length":225,"tagName":"p"},{"type":"text","content":"The offer is being made pursuant to the terms of the previously announced merger agreement, dated June 29, 2025, by and among The Home Depot, Purchaser and GMS (the "merger agreement"). Consummation of the tender offer remains subject to, among other conditions, the expiration or termination of the applicable waiting period under the Canadian Competition Act and the tender, as of immediately prior to the expiration time, of a majority of the Shares then outstanding. The tender offer may be extended further in accordance with the terms of the merger agreement and the applicable rules and regulations of the U.S. Securities and Exchange Commission. All other terms and conditions of the tender offer will remain unchanged during the extended period.","length":764,"tagName":"p"},{"type":"text","content":"Broadridge Corporate Issuer Solutions, LLC, the depositary for...