Shares of GMS Inc (NYSE: GMS), a leading North American distributor of building products, are soaring 18.50% in pre-market trading on Friday. This significant uptick comes on the heels of news that the company has received multiple acquisition offers, igniting investor enthusiasm and speculation about the company's future.

The surge in GMS's stock price is primarily driven by two potential buyers expressing interest in acquiring the company. Home Depot, the home improvement retail giant, has reportedly made an offer for GMS, according to The Wall Street Journal. While the details of Home Depot's proposal remain undisclosed, the mere possibility of such a high-profile acquisition has caught the market's attention.

Adding to the excitement, GMS Inc confirmed receiving an unsolicited proposal from QXO, Inc. The offer from QXO values GMS shares at $95.20 each, representing a substantial premium over the company's previous closing price. GMS's board of directors has announced that they will review QXO's unsolicited proposal, signaling that the company is seriously considering the offer.

The multiple acquisition offers underscore GMS Inc's strategic value in the building products distribution sector. As the situation unfolds, investors will be closely watching for any updates on negotiations or potential bidding wars between Home Depot and QXO. The pre-market surge reflects optimism about GMS Inc's future, whether as an independent entity or as part of a larger organization. As trading opens, market participants will be keen to see how this developing story impacts GMS's stock performance throughout the day.