News

Home Depot heads deeper into the building supply business with $5 billion acquisition of GMS
A subsidiary of Home Depot’s SRS Distribution Inc., the supply company it bought last year, will start a cash tender offer to ...
Home Depot is buying GMS for about $4.3 billion as it chases more home pros
Home Depot bought SRS Distribution — the subsidiary that’s acquiring GMS — last year for $18.25 billion, in the largest ...
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.The offer ...
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 ...
GMS: Will QXO's Bid Unlock Its Potential? (Rating Upgrade)
In FY2025, despite steady revenues, GMS's cash flow from operations (or CFO) declined by 11% compared to a year ago. Free ...
QXO won’t participate in bidding war for GMS - source
Shares of GMS Inc (NYSE:GMS) are surging over 26% higher on Friday as a potential bidding war is brewing for the distributor of building products. However, the company that helped put the company in ...
Nasdaq12d
QXO Proposes to Acquire GMS for $95.20 Per Share in Cash
QXO, Inc. today sent a proposal to the President and CEO of GMS Inc. to acquire all outstanding shares of GMS for $95.20 per share in cash. "Our all-cash proposal to acquire GMS for $95.20 per ...
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.
Why GMS Stock Is Soaring Today
Home Depot apparently made its intentions clear over the weekend. On Monday, the home improvement retail giant announced it ...