QXO (QXO) announced that it has obtained antitrust clearance in both the U.S. and Canada for its acquisition of Beacon Roofing Supply (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.
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Read More on QXO:
- QXO says Beacon’s board ‘stalls and misleads’ in letter to shareholders
- Beacon downgraded to Hold from Buy at Stifel
- QXO: Prepared to complete Beacon acquisition shortly after tender expires
- QXO urges Beacon to let investors decide on all cash offer of $124.25 per share
- Beacon board rejects QXO tender offer
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