QXO to acquire Beacon Roofing Supply for $124.35/share cash, ~$11B enterprise value

QXO, Inc.

Offer price $124.35/sh cash, up from $124.25; enterprise value ~$11B including debt.
Merger agreement unanimously approved by both boards; Beacon board recommends shareholders tender.
Transaction expected to close by end of April 2025; antitrust clearances received in U.S. and Canada.
QXO has $5B cash and secured financing for full purchase price; also completed $830M private placement.
QXO withdrew its 10 director nominees for Beacon's 2025 annual meeting; Beacon exempted tender offer from rights plan.

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