Qxo proposes to acquire gms for $95.20 per share in cash

Greenwich, conn.--(business wire)--qxo, inc. (nyse: qxo) today sent a proposal to the president and ceo of gms inc. (nyse: gms) 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 reflects a 27% premium over gms's 60-day volume-weighted average price of $74.82. “our all-cash proposal to acquire gms for $95.20 per share delivers immediate and certain value to gms shareholders at a meaningful premium.
GMS Ratings Summary
GMS Quant Ranking