QXO, Inc. sent a proposal to GMS Inc. to acquire all outstanding shares of GMS for $95.20 per share in cash. The proposal implies a total transaction value of approximately $5 billion and represents a 27% premium over GMS’s 60-day volume-weighted average price of $74.82. QXO stated that this offer delivers immediate and certain value to GMS shareholders and expressed confidence in widespread shareholder support.
QXO indicated it is prepared to take the offer directly to GMS shareholders if the company's management does not engage constructively. The company anticipates the transaction could close in August 2025, with no expected antitrust or regulatory issues. This aggressive move follows QXO's recent $11 billion acquisition of Beacon Roofing Supply, reinforcing its strategy to achieve $50 billion in annual revenues within a decade through accretive acquisitions.
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