GMS shares spike 23% premarket on report of Home Depot takeover bid

By Yahoo! Finance   |   3 weeks ago
GMS shares spike 23% premarket on report of Home Depot takeover bid

Home Depot is reportedly making a bid for GMS, a building-products distributor, amidst speculation and a rival offer from QXO. GMS stock surged by 23%, valued at $3.1 billion. The acquisition aims to capitalize on the housing market's demand.

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