The Home Depot announced it has received clearance from the Canadian Competition Bureau for its previously announced tender offer to acquire GMS Inc. The clearance was issued in the form of a "no action letter."
This regulatory approval satisfies one of the key conditions necessary for the consummation of the tender offer and the overall acquisition. The tender offer is for $110.00 per share in cash for all outstanding shares of GMS common stock.
The tender offer remains subject to other conditions, including the tender of a majority of the outstanding shares. This clearance removes a significant regulatory hurdle for the transaction.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.