Shares of building products distributor GMS surged 23% in premarket trading following reports of a takeover bid by Home Depot. The bidding war for GMS involves Home Depot and QXO, a building materials company led by billionaire Brad Jacobs. QXO initially made a $5 billion cash offer to acquire GMS and indicated it would pursue a hostile takeover if the offer was rejected by GMS management. Despite Home Depot's reported interest, QXO has stated that it will not raise its $5 billion offer. QXO, which previously acquired Beacon Roofing, represents a smaller competitor challenging the retail giant Home Depot in this acquisition attempt. Meanwhile, other corporate acquisitions include Couchbase's $1.5 billion acquisition by Haveli Investments and the purchase of tech company DGS by Casa Del Fuego in a $5 billion stock deal.