Home Depot (NYSE:HD) said on Friday that it has obtained clearance from the Canadian Competition Bureau for the proposed acquisition of GMS (NYSE:GMS).
Late June, HD struck a deal to acquire GMS for $110 a share.
Approval from the Canadian Competition Bureau came in the form of a no-action letter.
The no-action letter satisfies the remaining antitrust law-related condition necessary for the proposed acquisition.
The tender offer by Home Depot to acquire all outstanding shares of GMS is set to expire at one minute after 11:59 PM ET on Wednesday, September 3.