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QXO Receives Antitrust Clearance for Acquisition of Beacon Roofing Supply
QXOQXO, Inc(QXO) GlobeNewswire·2025-02-12 12:00

Core Viewpoint - QXO, Inc. has secured antitrust clearance in the U.S. and Canada for its acquisition of Beacon Roofing Supply, Inc., allowing for a swift transaction closure [1][2] Group 1: Acquisition Details - QXO's all-cash tender offer for Beacon's outstanding common stock is set at 124.25pershare,whichisthehighestpriceBeacon′sstockhasevertraded[2]−ThetenderofferremainsopenuntilFebruary24,2025,andQXOplanstocompletetheacquisitionshortlyafterthetenderexpires,withnofinancingorduediligenceconditionsattached[2]Group2:CompanyBackground−QXOprovidestechnologysolutionsprimarilytothemanufacturing,distribution,andservicesectors,includingconsulting,professionalservices,andproprietarysoftwaredevelopment[4]−Thecompanyaimstobecomeatech−forwardleaderinthe124.25 per share, which is the highest price Beacon's stock has ever traded [2] - The tender offer remains open until February 24, 2025, and QXO plans to complete the acquisition shortly after the tender expires, with no financing or due diligence conditions attached [2] Group 2: Company Background - QXO provides technology solutions primarily to the manufacturing, distribution, and service sectors, including consulting, professional services, and proprietary software development [4] - 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 [4]