QXO, Inc. (NYSE:QXO) and Beacon Roofing Supply, Inc. (NASDAQ:BECN) today announced that they have entered into a definitive merger agreement under which QXO will acquire Beacon for $124.35 per share in cash. Beacon is a leading distributor of roofing, waterproofing and exterior products, with nearly 600 branches across the U.S. and Canada. The boards of directors of both companies have unanimously approved the transaction, which values Beacon at approximately $11 billion, including all its outstanding debt. The transaction is expected to close by the end of April, subject to a majority of Beacon shares tendering in the offer and other customary closing conditions. Beacon's board unanimo

QXO, Inc. (NYSE:QXO) announced today that it is extending its all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) for $124.25 per share. The tender offer, which was scheduled to expire at 5:00 p.m. (New York City time) on March 18, 2025, will remain open until 5:00 p.m. (New York City time) on March 19, 2025. Computershare Trust Company, N.A., the depositary and paying agent for the tender offer, has reported that, as of 5:00 p.m. (New York City time) on March 18, 2025, approximately 12,784,233 shares have been validly tendered and not withdrawn, representing approximately 20.76% of the issued and outstanding shares. Shareholders who have a

QXO, Inc. (NYSE:QXO) (the "Company" or "QXO") today announced that it has entered into purchase agreements with certain institutional investors for an $830 million private placement financing (the "Private Placement"). The closing of the Private Placement is contingent upon the concurrent consummation of the Company's outstanding all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN). In the Private Placement, QXO will sell approximately 67.5 million shares of its common stock at $12.30 per share. Both existing and new investors participated in the transaction. The offer and sale of the foregoing securities are being made in a transaction not

QXO, Inc. (NYSE:QXO) today announced its financial results for the fourth quarter 2024. The company reported a loss of $(0.02) per basic and diluted shares attributable to common shareholders. For the full year 2024, the company reported a loss of $(0.11) per basic and diluted shares attributable to common shareholders. FOURTH QUARTER AND FULL YEAR 2024 SUMMARY RESULTS         Three Months Ended December 31,  Year Ended December 31,   (in thousands) 2024   2023 Change % 2024   2023 Change % Revenue:                      

QXO, Inc. (NYSE:QXO) announced today it is extending its all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) for $124.25 per share. The tender offer, originally set to expire at 12:00 midnight (New York City time) on February 24, 2025, will remain open until 5:00 p.m. (New York City time) on March 3, 2025. QXO is currently prepared to complete the acquisition shortly after the tender expires, subject to the offer's terms. The transaction is not dependent on any financing or due diligence conditions, and QXO has already obtained antitrust clearance in both the U.S. and Canada. "Our offer remains the only opportunity for Beacon shareholders

GREENWICH, Conn., Feb. 12, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE:QXO) announced today that it has informed Beacon Roofing Supply, Inc. (NASDAQ:BECN) that it will propose 10 independent director nominees at Beacon's 2025 Annual Meeting of Shareholders to replace Beacon's Board of Directors. The slate of independent nominees includes current and former senior executives and directors of leading global companies who were selected for their deep expertise with large-scale corporate transformations, extensive knowledge of the building products and distribution sectors, and track records of unlocking shareholder value. "We are proposing a slate of high-caliber, independent director nominees

GREENWICH, Conn., Feb. 12, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE:QXO) announced today that it has obtained antitrust clearance in both the U.S. and Canada for its acquisition of Beacon Roofing Supply, Inc. (NASDAQ:BECN), paving the way for QXO to close the transaction quickly. The company confirmed that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired and that it has received early termination of the waiting period from the Canadian Competition Bureau. "With committed financing in place and these necessary regulatory approvals secured, QXO is prepared to complete this acquisition and deliver immediate, compelling value to Beacon shareholders," said

Beacon Insiders Recently Sold Shares Well Below Offer Price, Undermining Beacon's Case Against QXOQXO Calls on Beacon Roofing to Let Shareholders Decide on QXO's $124.25 All-Cash Offer GREENWICH, Conn., Feb. 10, 2025 (GLOBE NEWSWIRE) --  QXO, Inc. (NYSE:QXO) today released a letter to Beacon Roofing Supply, Inc. shareholders regarding its $124.25 per share all-cash offer, addressing misrepresentations in Beacon's recent 14D-9 filing. Dear Beacon Shareholders, We seek to set the record straight on some of the numerous misleading statements in Beacon's recent communications. 1.   QXO's Offer to Acquire Beacon Roofing Supply is Highly Compelling and at a Significant Premiu

GREENWICH, Conn., Feb. 06, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE:QXO) today issued the following statement in response to the announcement by Beacon Roofing Supply, Inc. (NASDAQ:BECN) that its Board of Directors has rejected QXO's all-cash $124.25 per share offer. On January 27, 2025, QXO commenced a tender offer to purchase all outstanding shares of Beacon for $124.25 per share in cash, for an aggregate enterprise value of approximately $11 billion, representing a 37% premium to Beacon's 90-day unaffected volume-weighted average price of $91.02 per share as of November 15, 2024. QXO's offer price is also higher than Beacon's shares have ever traded. Beacon's Board offers no basis for

Reaffirms Commitment to Acquiring Beacon for $124.25 per Share in Cash All-Cash Offer Provides Significant and Immediate Value to Beacon Shareholders GREENWICH, Conn., Jan. 28, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE:QXO) today commented on Beacon Roofing Supply, Inc.'s (NASDAQ:BECN) adoption of a shareholder rights plan, which takes immediate effect and is aimed at blocking QXO's all-cash tender offer to acquire all outstanding shares of Beacon for $124.25 per share. "We launched our all-cash tender offer to ensure that Beacon's shareholders can take advantage of our compelling offer and get paid quickly. We have committed financing, have no due diligence condition and anticipate a

QXO, Inc. (NYSE:QXO) today announced its financial results for the fourth quarter 2024. The company reported a loss of $(0.02) per basic and diluted shares attributable to common shareholders. For the full year 2024, the company reported a loss of $(0.11) per basic and diluted shares attributable to common shareholders. FOURTH QUARTER AND FULL YEAR 2024 SUMMARY RESULTS         Three Months Ended December 31,  Year Ended December 31,   (in thousands) 2024   2023 Change % 2024   2023 Change % Revenue:                      

Beacon Insiders Recently Sold Shares Well Below Offer Price, Undermining Beacon's Case Against QXOQXO Calls on Beacon Roofing to Let Shareholders Decide on QXO's $124.25 All-Cash Offer GREENWICH, Conn., Feb. 10, 2025 (GLOBE NEWSWIRE) --  QXO, Inc. (NYSE:QXO) today released a letter to Beacon Roofing Supply, Inc. shareholders regarding its $124.25 per share all-cash offer, addressing misrepresentations in Beacon's recent 14D-9 filing. Dear Beacon Shareholders, We seek to set the record straight on some of the numerous misleading statements in Beacon's recent communications. 1.   QXO's Offer to Acquire Beacon Roofing Supply is Highly Compelling and at a Significant Premiu

GREENWICH, Conn., Nov. 13, 2024 (GLOBE NEWSWIRE) -- QXO, Inc. (NASDAQ:QXO) today announced its financial results for the third quarter 2024. The company reported a loss of $0.01 per basic and diluted share attributable to common shareholders. THIRD QUARTER 2024 SUMMARY RESULTS                       Three Months Ended    Nine Months Ended    September 30, September 30, Percent September 30, September 30, Percent(in thousands) 2024    2023   Change 2024  2023  ChangeRevenue:                     Software product, net$3,028  $2,850  6.2% $10,284  $9,471  8.6%Service and other, net 10,127   10,573  (4.2)%  31,846   30,337  5.0%Total revenue, net$13,155  $13,423  (2.0)% $42,130  $39,808  5.8%   

GREENWICH, Conn., Aug. 14, 2024 (GLOBE NEWSWIRE) -- QXO, Inc. (NASDAQ:QXO) today announced its second quarter results for the three and six months ended June 30, 2024. Financial Highlights for the Three Months Ended June 30, 2024, Compared with the Three Months Ended June 30, 2023: Total revenue was $14.54 million, compared with $13.26 million.Software product revenue was $3.78 million, compared with $3.30 million.Service and other revenue was $10.76 million, compared with $9.96 million.Net loss was ($591,000) or ($9.93) loss per basic and diluted share, compared with net income of $344,000 or $0.52 earnings per basic and diluted share.Adjusted EBITDA, a non-GAAP measure, was ($1.21) mil

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