12:01 PM EDT, 06/20/2025 (MT Newswires) -- QXO (QXO) will not raise its $5 billion bid for GMS (GMS) after Home Depot ( HD ) reportedly made an undisclosed offer for the building products distributor, Bloomberg reported Friday, citing a company spokesperson.

QXO's $5 billion bid is the company's full offer for GMS, the spokesperson told Bloomberg.

QXO didn't immediately respond to a request for comment from MT Newswires.

OXO shares were up 4.2% in recent trading, while GMS was up 26.3%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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