The Home Depot Announces Extension of Tender Offer to Acquire GMS Inc.

Core Viewpoint - The Home Depot has extended its tender offer to acquire all outstanding shares of GMS at a price of $110.00 per share, with the new expiration date set for September 3, 2025 [1][2][3]. Group 1: Tender Offer Details - The tender offer was initially set to expire on August 22, 2025, but has now been extended to September 3, 2025 [2]. - The offer is part of a merger agreement dated June 29, 2025, and is subject to conditions including regulatory approvals and the tender of a majority of shares [3]. - As of August 22, 2025, approximately 29,310,002 shares, representing about 77% of the outstanding shares, have been validly tendered [4]. Group 2: Company Background - The Home Depot is the largest home improvement specialty retailer globally, operating over 2,353 retail stores and employing more than 470,000 associates [6]. - The company is publicly traded on the New York Stock Exchange under the ticker symbol HD and is included in the Dow Jones Industrial Average and S&P 500 index [6].