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QXO Won’t Raise Its Offer for GMS

Reuters on MSN · 1d

Billionaire Brad Jacobs' QXO offers $5 billion for GMS, threatens to go hostile

By Sabrina Valle (Reuters) -Billionaire Brad Jacobs' new building-products distributor QXO made an offer on Wednesday to acquire GMS for about $5 billion in cash and said it will proceed with a hostile takeover if the company's management rejects the proposal.

EconoTimes · 1d

Brad Jacobs' QXO Offers $5B for GMS, Signals Potential Hostile Takeover

Billionaire Brad Jacobs QXO Inc. has made a $5 billion all-cash offer to acquire GMS Inc. (NYSE:GMS), signaling it may pursue a hostile takeover if the deal is rejected. The offer values GMS shares at $95.

Bloomberg on MSN · 2d

QXO Offers to Buy Building Materials Firm GMS for $5 Billion

QXO Inc. said it sent a letter to GMS Inc. proposing to buy the building products distributor for about $5 billion.

GMS, QXO and Home Depot

Barron's on MSN · 1d

Meet QXO, the Upstart Building Materials Stock That May Battle Home Depot for GMS

You’ve heard of Home Depot. But have you heard of QXO, a relatively new company in the building supplies industry? Probably not. That could soon change. There’s a chance that QXO may go toe to toe with the mighty home improvement retailer in a bidding war for materials distributor GMS.

Bloomberg on MSN · 1d

Home Depot Seeks to Buy GMS in Challenge to QXO, WSJ Says

Home Depot Inc. has made an offer for GMS Inc., potentially setting off a bidding war with QXO Inc. which this week made a $5 billion offer for the building-products distributor, the Wall Street Journal reported Thursday.

MarketWatch · 1d

GMS Shares Surge on Potential Bidding War Between Home Depot, QXO

Through Wednesday's close, shares have slipped 4% in the past year. Home Depot's offer--the exact price of which couldn't be determined--came after Brad Jacobs' QXO on Wednesday said it submitted an unsolicited proposal to buy GMS for about $5 billion,

2don MSN

Home Depot Bid Kicks Off a Battle for $5 Billion Building-Products Company

Retailing giant submitted a bid for distributor GMS, which already received an unsolicited offer from serial dealmaker Brad ...

24/7 Wall St.2d

Should You Bet on This Billionaire Mastermind Behind Billion-Dollar Empires?

Building a Giant Amid Market Headwinds Brad Jacobs is a business alchemist, transforming modest ventures into industry giants ...

1d

GMS Is The Right Fit For QXO's Long-Term Goal

QXO Inc.'s aggressive M&A strategy aims to consolidate the construction industry and leverage AI for operational advantages.

1don MSN

Home Depot Second Company Looking to Buy GMS, Report Says

The Wall Street Journal on Thursday reported that Home Depot ( HD ), the home-improvement giant, has made an offer to acquire ...

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