Home Depot (NYSE:HD) is in the spotlight after reportedly entering a competitive bidding process to acquire GMS (NYSE:GMS), a major U.S. building-products distributor specializing in drywall, ceilings,

Building-products distributor GMS was soaring on Friday. It looks set to be the subject of a bidding war between Home Depot and QXO. Home Depot has submitted an offer for GMS, The Wall Street Journal reported,

The Wall Street Journal on Thursday reported that Home Depot ( HD ), the home-improvement giant, has made an offer to acquire GMS ( GMS ), a building-products distribution company. The Journal, citing people familiar with the matter, did not specify a price; Visible Alpha lists the market capitalization of GMS at around $3.1 billion.