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QXO Won’t Raise Its Offer for GMS

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

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 · 3d

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.

Modern Distribution Management · 3d

Home Depot Makes Move for GMS After QXO’s $5B Offer

Home Depot and QXO are both pursuing a potential acquisition of GMS, following QXO’s $5 billion bid, according to the Wall Street Journal.

1don MSN

Analysts dig into the potential race between QXO and Home Depot to buy GMS

Home Depot (NYSE:HD) is in the spotlight after reportedly entering a competitive bidding process to acquire GMS (NYSE:GMS), a ...

24/7 Wall St.4d

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 ...

3don MSN

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 ...

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.

Transport Topics3d

Home Depot Challenges Brad Jacobs-Led QXO for Supplier Deal

QXO is a building products company run by veteran dealmaker Brad Jacobs, who is executive chairman of XPO and non-executive chairman of RXO and GXO Logistics. Shares of GMS rose as much as 32% ...

3don MSN

GMS Stock Soars 29%. Home Depot and QXO Both Want to Buy It.

Building-products distributor GMS was soaring on Friday. It looks set to be the subject of a bidding war between Home Depot ...

Seeking Alpha12d

QXO: I Am Buying The Company -- And "The Man"

QXO plans to consolidate the fragmented building materials distribution industry, starting with its $11B Beacon Roofing Supply acquisition. CEO Brad Jacobs' extensive track record in industry ...

QXO Proposes to Acquire GMS for $95.20 Per Share in Cash

QXO, Inc. (NYSE: QXO) today sent a proposal to the President and CEO of GMS Inc. (NYSE: GMS) to acquire all outstanding ...

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