Home Depot Extends GMS Acquisition Deadline to September 3, 2025

Home Depot, a leading home improvement retailer, has extended the deadline for its tender offer to acquire GMS, another prominent player in the home improvement sector. The new deadline is set for September 3, 2025, providing GMS shareholders with additional time to consider the offer of $110 per share.

Originally scheduled to close on August 22, 2025, the extension to September 3, 2025, allows for a more comprehensive acquisition process. As of the original deadline, approximately 29.3 million shares of GMS, representing 77% of the total outstanding shares, had been tendered. This extension is a strategic move by Home Depot to ensure that the acquisition meets all regulatory requirements and secures a higher acceptance rate from GMS shareholders.

The acquisition, announced on June 29, 2025, is subject to approval from Canadian regulatory authorities and requires that more than half of the outstanding shares be tendered for the deal to be completed. Home Depot, with its extensive network of over 2,353 stores across the United States, Canada, and Mexico, aims to integrate GMS's operations to create a robust network of over 1,200 locations and 8,000 delivery vehicles. This expanded network would enable the completion of tens of thousands of daily construction site deliveries, enhancing Home Depot's service capabilities.

Home Depot's subsidiary, Gold Acquisition Sub, is leading the acquisition process. The extension of the tender offer period underscores Home Depot's commitment to a successful and seamless acquisition. By providing additional time for shareholders to make informed decisions, Home Depot demonstrates its confidence in the long-term benefits of the acquisition. This strategic move is likely to be well-received by both Home Depot and GMS shareholders, ensuring a thorough and transparent acquisition process.