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Home Depot (NYSE:HD) said it has withdrawn and refiled its premerger notification for its planned $5.5 billion purchase of GMS Inc. (NYSE:GMS).
The withdraw and refile allows the DOJ’s antitrust division additional time to review the combination, according to a statement on Thursday. The waiting period under the HSR ACT is now set to expire at 11:59pm Eastern time on Aug. 22. The tender offer was also extended to Aug. 22 from Aug. 8.
The pull and refile comes after Home Depot (NYSE:HD) in late June agreed to buy GMS (NYSE:GMS) for $110 a share. The home improvement retailer beat out building products distributor QXO (QXO) for GMS (NYSE:GMS), which made an unsolicited all-cash offer of $95.20 per share, valuing the company at approximately $5 billion including debt.
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