Deals
QXO Won’t Raise Its Offer for GMS After Report of Home Depot Bid
A shopper carries a bucket inside a Home Depot store in Roseville, California.
Photographer: David Paul Morris/BloombergQXO Inc. won’t raise its $5 billion offer for building products distributor GMS Inc. after Home Depot Inc. reportedly made its own bid.
A spokesman for QXO said Friday that $5 billion is the company’s full offer. The Wall Street Journal reported Thursday that Home Depot had submitted a bid for an undetermined sum. Representatives for Home Depot and GMS declined to comment.