QXO to acquire GMS for $5bn.

QXO, a distributor of commercial and residential roofing products, offered to acquire GMS, a supplier of building materials, for $5bn. “Our all-cash proposal to acquire GMS for $95.20 per share delivers immediate and certain value to GMS shareholders at a meaningful premium. We believe this is a compelling opportunity for GMS investors to realize the full value of their shares in a single, decisive transaction,” Brad Jacobs, QXO Chairman and CEO.