QXO (QXO) announced it is extending its all-cash tender offer to acquire all outstanding shares of Beacon (BECN) for $124.25 per share. The tender offer, originally set to expire at 12:00 midnight on February 24, will remain open until 5:00 p.m. on March 3. 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.
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Read More on QXO:
- Beacon issues statement in response to QXO director nominations
- QXO to propose 10 independent director nominees to replace Beacon board
- QXO receives antitrust clearance for acquisition of Beacon
- QXO says Beacon’s board ‘stalls and misleads’ in letter to shareholders
- Beacon downgraded to Hold from Buy at Stifel
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