Why GMS Stock Is Soaring Today
GMS(US:GMS) The Motley Fool·2025-06-20 19:24A bidding war appears to be brewing for building products distribution company GMS (GMS 24.74%), and investors are excited by the possibilities.Shares of GMS jumped 26% on Friday morning after the company was put in play by an unsolicited suitor. A building products bidding war?GMS is a construction products distributor and tool supplier for consumer and commercial customers. Late Wednesday, QXO (QXO 5.29%) proposed acquiring the business for about $5 billion, or $95.20 per share in cash, a premium of 27% t ...