GMS shares jump to top QXO's buyout offer price

GMS

20/06/2025 11:10

** GMS shares GMS.N jump 23.4% to $99.95 premarket, above QXO's buyout offer of $95.20/shr

** QXO QXO.N up 4.6% premarket, after its $5 bln bid

** New building-products distributor QXO threatens to go hostile if its offer is rejected

** Median PT of 8 brokerages covering GMS is $95 - LSEG data

** Stock last traded at $90-$100 in first half of Dec 2024

** It has fallen 4.5% this year through Wednesday's close

** QXO has jumped 41% YTD; it clinched an $11 bln deal to buy Beacon Roofing Supply in March

 (Reporting by Anshuman Tripathy)