Home Depot Inc. has made an offer for GMS Inc., potentially setting off a bidding war with QXO Inc. which this week made a $5 billion offer for the building-products distributor, the Wall Street Journal reported Thursday.

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.