June 18 (Reuters) - Building-products distributor QXO

said on Wednesday it plans to acquire construction

supplier GMS in an all-cash deal valued at about $5

billion.

QXO, a recent entrant in the building products distribution

industry, said it offered $95.20 per share for all outstanding

shares of GMS, reflecting a premium of about 17% over the

company's closing price on Wednesday.

The proposal values GMS at roughly $5 billion, compared

with its market capitalization of about $3.11 billion as of

Wednesday's close, according to data compiled by LSEG.

Earlier in the day, shares of Georgia-based GMS reached

a near

five-month high

after the company reported upbeat quarterly results and

announced an additional $25 million in annualized cost

reductions.

The move comes three months after QXO secured an $11

billion

deal to buy

Beacon Roofing Supply, ending a prolonged takeover battle

and significantly expanding its footprint in the U.S. and

Canadian building products distribution markets.

GMS did not immediately respond to a Reuters request for

comment on the offer.