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QXO Raises $830 Million in Private Placement

1. QXO plans an $830 million private placement dependent on acquiring BECN. 2. The tender offer for BECN shares is key for QXO's financing success.

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FAQ

Why Very Bullish?

A successful acquisition can enhance BECN's market position, similar to past industry consolidations leading to stronger stock performance.

How important is it?

The acquisition would significantly reshape BECN's future, likely boosting investor confidence and stock price.

Why Short Term?

If the acquisition progresses smoothly, BECN's stock can react positively within weeks, as seen in similar past acquisitions.

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QXOABCXYZ
GREENWICH, Conn.--(BUSINESS WIRE)--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, QX.

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