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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

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,

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 ...

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 ...

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 Topics1d

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% ...

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