Core Viewpoint - QXO, Inc. is committed to acquiring Beacon Roofing Supply, Inc. for 124.25 per share provides a 37% premium to Beacon's 90-day unaffected volume-weighted average price of 98.75 before the proposal became public [2]. - The tender offer will remain open until 12:00 midnight, New York City time, on February 24, 2025, with QXO prepared to complete the acquisition shortly after the tender expires [3]. - The transaction is not subject to any financing or due diligence conditions, and QXO expects regulatory approval processes to be completed by the time the tender offer expires [3]. Group 2: Company Background - QXO provides technology solutions primarily to clients in manufacturing, distribution, and service sectors, including consulting, professional services, and proprietary software development [5]. - The company aims to become a tech-forward leader in the $800 billion building products distribution industry, targeting tens of billions of dollars in annual revenue over the next decade through acquisitions and organic growth [5].
QXO Comments on Beacon Roofing Supply’s Adoption of Shareholder-Unfriendly Poison Pill