All articles tagged with #qxo
Home Depot's potential takeover offer for GMS has caused GMS stock to jump nearly 24%, with reports of a bidding war following QXO's earlier $5 billion proposal, prompting analyst optimism and market reactions.
QXO, a building supplies company led by Brad Jacobs, is attempting to acquire GMS in a potential bidding war with Home Depot, which has also shown interest. QXO recently bought Beacon Roofing Supply and has made a $5 billion offer for GMS, while Home Depot is also interested. Analysts suggest QXO may be cautious in its bidding strategy, and the outcome remains uncertain, but QXO's stock has risen significantly this year.
Serial deal maker Brad Jacobs, executive chairman of XPO, is launching a new tech-focused company called QXO, which aims to acquire businesses in the building-products distribution industry. QXO will focus on distributing products such as lumber, doors, windows, and landscaping supplies. Jacobs has a track record of building multibillion-dollar companies through acquisitions in various sectors.