BRIEF-QXO To Acquire Beacon Roofing Supply For $11 Billion-February 2024-www.financetom.com

BRIEF-QXO To Acquire Beacon Roofing Supply For $11 Billion

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BRIEF-QXO To Acquire Beacon Roofing Supply For $11 Billion

Mar 20, 2025 4:26 AM

March 20 (Reuters) - Beacon Roofing Supply Inc ( BECN ):

* QXO TO ACQUIRE BEACON ROOFING SUPPLY FOR $11 BILLION

* QXO INC ( QXO ) - TO ACQUIRE BEACON ROOFING SUPPLY FOR $124.35 PER

IN CASH

* QXO INC ( QXO ) - TRANSACTION VALUES BEACON AT APPROXIMATELY $11

BILLION

INCLUDING DEBT

* QXO INC ( QXO ) - TRANSACTION EXPECTED TO CLOSE BY END OF APRIL

* QXO INC ( QXO ) - SECURES $5 BILLION IN CASH AND FINANCING

COMMITMENTS

* QXO INC ( QXO ) - ACQUISITION RECEIVES ANTITRUST CLEARANCE IN U.S.

AND

CANADA

* QXO INC ( QXO ): ENTERED INTO PURCHASE AGREEMENTS WITH CERTAIN

INSTITUTIONAL INVESTORS FOR AN $830 MILLION PRIVATE PLACEMENT

FINANCING

* QXO INC ( QXO ): QXO HAS WITHDRAWN NOMINATION OF 10 INDEPENDENT

DIRECTOR

NOMINEES FOR ELECTION AT BEACON'S 2025 AGM

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