Home Depot (HD) announced that the Antitrust Division of the U.S. Department of Justice has granted early termination of the waiting period under the HSR Act, in connection with Home Depot’s tender offer to purchase, through its wholly owned subsidiary Gold Acquisition Sub, all of the outstanding shares of common stock of GMS (GMS), at a price of $110.00 per Share in cash. The termination of the waiting period under the HSR Act satisfies one of the conditions necessary for the consummation of the tender offer and the transactions under the previously announced merger agreement, dated June 29, by and among Home Depot, Purchaser and GMS. Consummation of the tender offer remains subject to, among other conditions, the expiration of the applicable waiting period under the Canadian Competition Act and the tender of a majority of the Shares then outstanding. The tender offer will expire at one minute after 11:59 p.m., Eastern time, on Friday August 22.
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