Latest news with #Jacobs
Yahoo
an hour ago
- Sport
- Yahoo
Josh Jacobs Named to NFL's ‘Bad Luck' List Due to Team Penalties
Josh Jacobs Named to NFL's 'Bad Luck' List Due to Team Penalties originally appeared on Athlon Sports. The Green Bay Packers saw great things with Josh Jacobs in just one season and are hoping for more in the upcoming campaign. Advertisement Jacobs became an integral part of the team's offense, playing all 17 games and helping Green Bay reach the postseason. The former Las Vegas Raiders back tallied an impressive 1,329 rushing yards on 301 attempts, achieving the second-best yards total in his career. He also scored 15 rushing touchdowns, the most he's ever had in six seasons, showing he is a valuable component on the field for quarterback Jordan Love to hand off to or throw to. Green Bay Packers running back Josh Jacobs (8).Eric Hartline-Imagn Images However, he could have had even better stats last season if his team hadn't cost him so much during games. An NFL report arrived on Friday the 13th, which some believe is an unlucky day on the calendar. Based on the NFL's data, Jacobs led the league in a "bad luck" stat last season. Advertisement The star running back had the most rushing yards negated by penalties, 94, although that isn't necessarily Jacobs' fault, as Packers teammates were also responsible. He also had three touchdowns taken away due to penalties, tied for the most in the NFL. It's also worth noting that Baltimore Ravens quarterback Lamar Johnson was right behind Jacobs with 87 rushing yards negated by penalties. Despite the unfortunate stat hindrance, Jacobs still had a healthy and significant season in his Packers debut, finishing fifth amongst running backs for total rushing yards last season. Let's not forget, he also caught 36 passes for 342 receiving yards and a touchdown. His skills after a catch were on full display in a highlight against the Dolphins on Sunday Night Football. The good news is there's a new season ahead, with the Packers ready to push beyond than the Wild Card Playoffs. Advertisement In his seventh NFL season, a talented and powerful back like Jacobs could perform better than he did in 2024. However, his teammates should really cut down on those penalties to help him progress in Green Bay. Related: Packers Receiver Gives Answer Fans Wanted Before Season This story was originally reported by Athlon Sports on Jun 15, 2025, where it first appeared.
Yahoo
3 hours ago
- Business
- Yahoo
QXO won't participate in bidding war for GMS
-- Shares of GMS Inc (NYSE:GMS) are surging over 26% higher on Friday as a potential bidding war is brewing for the distributor of building products. However, the company that helped put the company in play, QXO Inc (NYSE:QXO), is not willing to entertain such a process to acquire the company, according to a source familiar with the matter. On Wednesday evening, QXO, run by deal-savvy Brad Jacobs, went public with an all-cash offer of $95.20 per share for GMS. The ante was raised after the Wall Street Journal reported Thursday that Home Depot Inc (NYSE:HD) has submitted its own offer for GMS, although the price Home Depot is willing to pay could not be learned. GMS, for its part, said it would review the QXO offer, which it described as 'unsolicited.' GMS has not commented on the potential Home Depot offer but said it is working with investment bank Jefferies LLC. Despite the QXO bid being viewed as unsolicited, Jacobs disclosed in a letter that he met with GMS CEO John Turner in May of this year and that his company has been 'studying GMS for over a year.' QXO is just coming off the closing of its $11 billion deal for Beacon Roofing Supply (NASDAQ:BECN), which analysts have described as its 'cornerstone acquisition.' The Beacon deal is seen as part of the reason GMS is now 'in play.' The other reason is that home building is expected to be a stable and growing industry in the U.S., and the industry is relatively AI-proof. In the letter, Jacobs noted that GMS has seen a 'meaningful changes in the volume and trading levels of GMS shares since our announcement to acquire Beacon Roofing Supply.' In addition, analysts have noted that GMS was a potential takeover target. 'With respect to the takeover speculation in the stock, we also note the steep rise in your share price following our meeting on May 22, 2025, in New York, as well as a research report by Raymond James, which resulted from a non-deal roadshow with you and your CFO, stating that GMS was a likely acquisition target and GMS's management was willing to entertain a sale,' Jacobs said in the letter. He also commented on rumors from industry participants that bankers had been 'aggressively marketing the Company for sale.' If a bidding war between QXO and Home Depot does ensue, Wall Street analysts expect Home Depot to come out on top. 'QXO has a history of "one and done" offers for companies while HD, in our view, may be willing to pay a higher multiple,' Truist Securities analyst Keith Hughes said on Friday while raising his price target to $105 per share. GMS last traded at $102.66 per share. Related articles QXO won't participate in bidding war for GMS - source Reddit in talks to use Sam Altman's World ID for user verification - Semafor Regulators clear Canadian Natural's SLB acquisition after divestiture agreement Sign in to access your portfolio
Fox Sports
5 hours ago
- Automotive
- Fox Sports
Packers' Star Josh Jacobs To Ride in Fastest Seat at Road America
INDYCAR Green Bay Packers superstar running back Josh Jacobs will ride in the Fastest Seat in Sports on Sunday, June 22, leading the NTT INDYCAR SERIES field to the start of the XPEL Grand Prix at Road America Presented by AMR in Elkhart Lake, Wisconsin. Jacobs signed with the Packers in March 2024 and enjoyed a stellar first season in Green Bay, rushing for 1,329 yards and 15 touchdowns en route to being named to the Pro Bowl for the third time in his career. A national champion in 2017 at Alabama, Jacobs was drafted in the first round in 2019 by the Oakland Raiders. He finished his first season with 1,150 rushing yards, breaking the franchise rookie rushing record set by Hall of Famer Marcus Allen. Jacobs was named to the NFL All-Rookie Team and was named the Offensive Rookie of the Year by the Pro Football Writers Association. Jacobs' best season came in 2022 for the Raiders. He led the NFL in rushing with 1,653 yards, was named a first-team NFL All-Pro and earned a Pro Bowl berth. He also received the inaugural Jim Brown Award as the league's best running back for his performance in the 2022 season. The Packers' Jacobs joins a long list of celebrated INDYCAR Fastest Seat in Sports passengers as he leads the field to green in a custom INDYCAR SERIES car with a special back passenger seat. This high-speed, high-octane, super-charged thrill ride already was taken this season by NFL legend Tom Brady and baseball legend Alex Rodriguez. Others who took the high-speed thrill ride last year included music superstars Diplo, Jon Bon Jovi and Riley Green, actors Judge Reinhold and Dylan Sprouse, reality TV star Mary Bonnet and American Olympic gold medalist Sam Watson. Coverage of the XPEL Grand Prix at Road America Presented by AMR begins at 1:30 p.m. ET Sunday, June 22 on FOX, FOX Deportes and the FOX Sports app. The NTT INDYCAR SERIES is North America's premier open-wheel racing series with drivers competing at speeds of 200+ mph across a thrilling and demanding set of ovals and road and street circuits. The full schedule is available here. recommended
Business Insider
9 hours ago
- Business
- Business Insider
M&A News: Home Depot and QXO Battle for GMS in Construction Supremacy Bid
American home improvement retailer Home Depot (HD) has initiated a bidding war with smaller rival QXO Inc. (QXO) to strengthen its market position and capture greater contract revenue. According to a Wall Street Journal report, Home Depot made an undisclosed takeover offer for GMS Inc. (GMS) yesterday, following an unsolicited bid from QXO on Wednesday. Confident Investing Starts Here: Home Depot and QXO aim to secure a larger share of the construction supplies and tools market by becoming bigger and more technologically advanced players capable of winning larger contracts. GMS distributes building products and tool supplies, including wallboard, ceilings, steel framing, and complementary construction products to residential and commercial contractors across North America. It operates around 320 distribution centers and 100 tool sales, rental, and service centers. QXO Makes a Compelling Bid for GMS QXO offered to buy all of GMS' outstanding shares for $95.20 per share in cash, valuing the company at about $5 billion. This offer represents a 27% premium over GMS' 60-day volume-weighted average price. The news pushed shares of both companies higher on June 18, with QXO surging 11.7% and GMS closing up 10.6%. QXO has given GMS' board until June 24 to review and respond to the offer. CEO Brad Jacobs has warned that if the company fails to respond, he will take the offer directly to GMS' shareholders. Jacobs is 'confident' that shareholders will find the offer attractive. Interestingly, both GMS and QXO have built their businesses by acquiring smaller companies in the sector over the years. GMS' board has stated that it is reviewing the offer in consultation with its independent legal and financial advisors, acting in the best interests of the company and its shareholders. In the meantime, GMS reported better-than-expected results for Q4FY25 on June 18. Adjusted earnings per share came in at $1.29, beating the consensus of $1.11, while revenues of $1.33 billion also surpassed estimates of $1.3 billion. Despite the downturn in the construction market amid interest rate challenges and overall uncertainty, GMS delivered a solid quarterly performance. Considering its resilient results, it appears that QXO and Home Depot are betting on the right horse for now. Is Home Depot Stock a Good Buy Now? On TipRanks, HD stock has a Strong Buy consensus rating based on 19 Buys and five Hold ratings. Also, the average Home Depot price target of $428.77 implies 23.6% upside potential from current levels. Year-to-date, HD stock has lost 9.7%.
CNBC
11 hours ago
- Business
- CNBC
Home Depot and billionaire Brad Jacobs's QXO go head-to-head in possible hostile bid for GMS
Billionaire Brad Jacobs' new building-products distributor QXO offered to acquire GMS for about $5 billion in cash and said it will proceed with a hostile takeover if the company's management rejects the proposal. This is Jacobs's second hostile takeover threat in the building sector this year and part of his plan to turn QXO into a $50 billion revenue building-products distributor within a decade. Home improvement chain Home Depot has also made an offer for GMS, The Wall Street Journal reported on Thursday, citing people familiar with the matter. Spokespersons for Home Depot and GMS declined to comment on the report. The Jacobs's offer comes three months after QXO clinched an $11 billion deal to buy Beacon Roofing Supply, ending a prolonged takeover battle for the roofing company and significantly expanding its footprint in the U.S. and Canada. An acquisition of GMS would expand QXO's market from roofs into house interior materials, including drywall. QXO's proposal is still technically in the friendly phase, but Jacobs said that if GMS's board did not accept the offer by June 24, QXO was prepared to bypass management. "If you choose not to engage ... we are prepared to take our offer directly to GMS's shareholders who we're confident will find the offer attractive," Jacobs said in a letter sent to GMS Chief Executive Officer John Turner. In similar comments made during his takeover offer to Beacon, Jacobs said GMS was poorly managed and could be more profitable to shareholders under his command. Georgia-based GMS said in a statement on Thursday that it has received an unsolicited proposal from QXO that will be reviewed by its board. It did not immediately respond to a Reuters request for comment. GMS operates a network of more than 300 distribution centers and its product lineup includes wallboard, ceilings, steel framing and gypsum. Both Beacon and GMS operate primarily in the U.S., with additional presence in Canada. The U.S. building industry, mostly locally sourced and fairly protected from tariffs, is undergoing consolidation. QXO said it offered $95.20 per share for all outstanding shares of GMS, a premium of about 17% over the company's closing price on Wednesday. In the letter, Jacobs disclosed he first approached Turner in June last year, with conversations continuing until at least May 22, when the two CEOs met in New York. Jacobs added his decision to take the offer public came after GMS's shares rose following market speculation over a potential QXO acquisition. The offer represents a 29% premium over GMS's value on May 22, he said. On Wednesday, before the offer was made public, shares of GMS hit their highest level in almost five months after the company reported upbeat quarterly results and announced an additional $25 million in annualized cost reductions. Jacobs said that following the private talks with Turner, he had heard from industry participants that J.P. Morgan and Jefferies bankers had been aggressively trying to find other suitors to buy GMS. Goldman Sachs and Morgan Stanley are acting as financial advisers to QXO. And Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal counsel. Jacobs has built an empire of multibillion-dollar companies spanning industries from logistics to waste management and equipment rentals by acquiring companies in industries undergoing consolidation, and spinning some of them off at a higher value. QXO was a relatively small software company until 2023, when Jacobs invested about $1 billion and renamed and repurposed it.
