鶹ý

Home 鶹ý Home Depot’s SRS acquisition takes another step forward

Home Depot’s SRS acquisition takes another step forward

Home Depot
(istock.com/hapabapa)

acquisition of is nearing a close, according to an announcement released by both companies.

Earlier this year, The Home Depot announced an $18.25 billion deal to purchase SRS’s 2,500-plus professional sales force and 760-plus branch network across 47 states.

The Home Depot has announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, in connection with its pending acquisition of SRS Distribution Inc. The expiration of the waiting period occurred at 11:59 p.m. on June 13, 2024.

The expiration of the waiting period under the HSR Act satisfies an important condition necessary for the completion of the transaction.

The transaction is expected to close on or about June 18, 2024, subject to the satisfaction or waiver of customary closing conditions.

Exit mobile version