QXO Inc. stock jumps 21% after proposing $5 billion bid for GMS Inc.

From Yahoo Finance: 2025-06-22 15:00:00

QXO, Inc. (NYSE:QXO) saw its share prices soar by 21% to $23.79 after proposing a $5 billion acquisition of GMS Inc. (NYSE:GMS). The offer of $95.20 per share represents a 27% premium over GMS’s average price. QXO’s CEO believes this deal will provide immediate value to GMS shareholders. The company has enlisted Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC as financial advisors. While QXO shows promise, some AI stocks offer higher returns. For more information on AI stocks, visit the website. This news was originally published on Insider Monkey.



Read more at Yahoo Finance: QXO Inc.(QXO) Soars 21% W/W on GMS Bid