Welcome home, Home Depot (NYSE: HD) receives Canadian clearance for acquisition

The Home Depot Inc. (NYSE: HD) announced it received clearance from the Canadian Competition Bureau for its acquisition of GMS Inc., satisfying the remaining antitrust condition for the transaction.

The clearance came in the form of a no action letter and addresses the final regulatory hurdle for Home Depot’s tender offer to purchase all outstanding shares of GMS at $110.00 per share in cash. The companies entered into a merger agreement on June 29, 2025.

The tender offer remains subject to other conditions, including the tender of a majority of GMS shares outstanding. The offer will expire at one minute after 11:59 p.m. Eastern time on September 3, 2025, unless extended or terminated according to the merger agreement and Securities and Exchange Commission regulations.

Home Depot is acquiring GMS through its wholly owned subsidiary Gold Acquisition Sub, Inc. The transaction requires shareholders to tender their shares before the expiration deadline to complete the acquisition.

The home improvement retailer operates more than 2,353 retail stores across the United States, Canada and Mexico as of the second quarter. GMS operates as a specialty building products distributor.

Both companies have filed the required tender offer documentation with the SEC, including Home Depot’s Schedule TO and GMS’s Schedule 14D-9 recommendation statement regarding the offer.