---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-25-001646"
form_type: "8-K"
ticker: "QXO"
cik: "0001236275"
company_name: "QXO, Inc."
filed_at: "2025-06-20T23:59:59+00:00"
generated_at: "2026-05-19T00:57:26.527931+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# QXO proposes to acquire GMS for $95.20/share cash, ~$5B total

## Summary
- Proposal price $95.20/share cash, 27% premium to GMS's 60-day VWAP of $74.82.
- Total transaction value ~$5 billion; no financing condition; expected close August 2025.
- QXO cites GMS underperformance: EBITDA declined 4% annual vs peers +4.6%, margin down 315bps.
- Financial advisors: Goldman Sachs & Co. and Morgan Stanley; legal: Paul Weiss.
- QXO requests GMS board response by June 24, 2025.

## SEC filing metadata
- accession: 0000950142-25-001646
- form_type: 8-K
- ticker: QXO
- cik: 0001236275
- company_name: QXO, Inc.
- filed_at: 2025-06-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1236275/000095014225001646/0000950142-25-001646-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1236275/000095014225001646/eh250644173_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-25-001646
- JSON: https://secwatch.observer/filing/0000950142-25-001646.json
- Plain text: https://secwatch.observer/filing/0000950142-25-001646.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.