Market Chatter: QXO to Maintain $5 Billion Offer for GMS After Home Depot Reportedly Makes Bid-March 2024-www.financetom.com

Market Chatter: QXO to Maintain $5 Billion Offer for GMS After Home Depot Reportedly Makes Bid

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Market Chatter: QXO to Maintain $5 Billion Offer for GMS After Home Depot Reportedly Makes Bid

Jun 20, 2025 9:31 AM

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.)

Price: 23.59, Change: +1.09, Percent Change: +4.84

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