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Home Depot Clears Final Regulatory Hurdle in $4.3B GMS Acquisition
Home Depot Clears Final Regulatory Hurdle in $4.3B GMS Acquisition
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BTCCSquare news:
Home Depot (NYSE:HD) has secured the last regulatory approval needed to complete its $4.3 billion acquisition of building products distributor GMS. The Canadian Competition Bureau issued a no-action letter, removing the final antitrust obstacle. Shares of Home Depot ROSE 1.5% following the news.
The deal positions Home Depot to expand its professional builder market offerings by combining GMS with SRS Distribution. The timing appears fortuitous amid reports of potential federal housing policy changes. "This creates a platform for growth," the company stated, though cryptocurrency markets remained unaffected by the traditional retail sector development.
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