Home Depot's Acquisition of GMS Clears Canadian Competition Bureau Hurdle

Home Depot has received clearance from the Canadian Competition Bureau for its proposed acquisition of GMS for $110 per share. The deal was announced in late June.

Home Depot, Inc. (HD) has received clearance from the Canadian Competition Bureau for its proposed acquisition of GMS, a specialty building products distributor. The deal, initially announced in late June, has now cleared the final regulatory hurdle in Canada.

The Canadian Competition Bureau has issued a "no action" letter to Home Depot, satisfying the remaining antitrust law-related conditions necessary for the consummation of the tender offer and the transactions under the previously announced merger agreement. Home Depot, through its subsidiary Gold Acquisition Sub, Inc., agreed to acquire GMS by way of a tender offer, with each share valued at $110 in cash. The tender offer is set to expire on September 3, 2025 [1].

The acquisition of GMS, which was announced on June 29, 2025, is part of Home Depot's strategy to expand its product offerings and strengthen its market position in the specialty building products sector. The deal is expected to enhance Home Depot's ability to serve its customers with a broader range of high-quality products.

Home Depot has previously received regulatory clearance from the U.S. Federal Trade Commission and other relevant authorities, ensuring a smoother path for the integration of GMS into its operations.

Investors and financial professionals should closely monitor the progress of this acquisition, as it could have implications for Home Depot's financial performance and market share. As the tender offer period nears its end, any developments or changes in the deal's terms could impact the company's stock price and overall market perception.

References:
[1] https://www.nasdaq.com/articles/home-depot-gets-clearance-canadian-competition-bureau-acquisition-gms