QXO Archives

Prize Claimed: Here’s Why QXO Relentlessly Pursued Beacon

With QXO’s acquisition of Beacon set to finalize by the end of April, let’s look at what the deal does for both sides and the attributes that QXO just couldn’t walk away from.

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March 21, 2025

Building Materials/Construction

QXO, Beacon Secure $11 Billion Deal

It ends a four-month public standoff between the two companies and marks another milestone acquisition in the building materials distribution sector.

March 19, 2025

Building Materials/Construction

QXO Continues to Extend Beacon Offer Deadline

QXO extends its offer to Beacon for a fifth time, two days after announcing additional funding secured from institutional investors.

March 19, 2025

Building Materials/Construction

QXO Narrowly Re-Extends Beacon Offer; Raises $830M in Private Placement

QXO extends its all-cash tender offer for Beacon, one week after both companies confirmed negotiation talks.

March 17, 2025

Mergers & Acquisitions

QXO’s Brad Jacobs Pens Open Letter to Beacon Employees

To further court Beacon investors to tender their shares into QXO's buyout offer, QXO's founder and CEO wrote to sympathize and level with Beacon staff.

March 7, 2025

Building Materials/Construction

QXO Again Extends Tender Offer to Buy Beacon

QXO re-extended its all-cash tender offer, with Brad Jacobs challenging the Beacon board’s resistance. Beacon issued a prompt response.

March 4, 2025

Building Materials/Construction

QXO Extends Tender Offer Deadline to Acquire Beacon

Both companies also acknowledged how many Beacon shares have been tendered as of Feb. 24 and gave opposing views on what it says about the offer.

February 25, 2025

Mergers & Acquisitions

QXO Unveils Slate of Directors to Replace Beacon’s, Gains Antitrust Clearance

See the detailed roster of directors QXO proposed, as well as Beacon's prompt response.

February 12, 2025

Mergers & Acquisitions

QXO Says Beacon is Misrepresenting its Valuation to Shareholders

Get the latest on the standoff here, and insight onto where it might be headed.

February 10, 2025

Mergers & Acquisitions

QXO Urges Beacon to Let Shareholders Decide on Offer After Board Rejection

As both sides continue to dig in, get the latest key takeaways from statements shared Feb. 6.

February 6, 2025

Mergers & Acquisitions

Beacon Adopts Shareholder Rights Deal to Hold Off QXO

QXO calls the agreement "shareholder-unfriendly" and a “poison pill”.

January 28, 2025

Building Materials/Construction

QXO Puts Ball in Beacon’s Court for Deal, Provides Communication Timeline

Along with its time-sensitive proposal, the building materials distribution platform went into great detail giving a rundown of talks with Beacon since they started this past summer.

January 27, 2025

Building Materials/Construction

QXO Commences $11B Takeover Bid for Beacon

Beacon acknowledged the tender offer and recommended that shareholders take no action at this time.

January 27, 2025

Building Materials/Construction

QXO Readies Proxy Fight for Beacon, Issues Open Letter to Chairman

The letter shares full details of QXO's offer and claims Beacon has intentionally taken actions to "frustrate a transaction." Beacon responds.

January 15, 2025

Building Materials/Construction

QXO to Begin Trading on NYSE Jan. 17

QXO said it plans to transfer its stock listing, aiming to create a tech-forward leader in the building products distribution industry.

January 7, 2025

Building Materials/Construction

Report: QXO Offers to Buy Beacon

Beacon reported 2023 revenue of $9.3 billion, and its share price is up 14% year-to-date.

November 18, 2024

Building Materials/Construction

QXO Adds Former Target Exec as Chief AI Officer

The new executive will build the company’s AI function, which will impact route optimization, robotics and automation.

November 7, 2024

Building Materials/Construction

Report: Rexel Turns Down $9.4B Offer from QXO

QXO's bid for Rexel, a top electrical distributor in North America, was rejected as undervaluing the company’s potential.

September 16, 2024

Building Materials/Construction

Exclusive: New Details Emerge on QXO’s Go-to-Market Plans

Through a new report and an interview with someone close to QXO, MDM gleaned insights about which building materials verticals the splash-making distributor is targeting.