Company: QXO-PB
Filing Date: 2025-02-06
Form Type: DFAN14A
Source: 0001140361-25-003394
Chunk: 1

Company: QXO, Inc.
Filing Date: 2025-02-06
Form: DFAN14A
Chunk 1
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 QXO’s premium offer undervalues Beacon’s shares, and the trading price of Beacon’s shares indicates that Beacon’s Board is wrong. “Our offer provides certainty, a significant premium in cash and the ability to close quickly with no regulatory delays, financing risks or diligence conditions,” said Brad Jacobs, chairman and chief executive officer of QXO. “Beacon’s filing shows no indication of an actionable third-party alternative.We have made a very compelling offer, and Beacon should let its shareholders decide what is in their best interest.” Notably, Beacon confirmed today it would wait to announce newly constructed 2028 financial projections until March 13, more than a month from today and more than three months from its Board’s initial rejection of QXO‘s offer. There is no reason for Beacon to introduce yet another delay by waiting to disclose its newly formulated projections. QXO’s tender offer will be outstanding until 12:00 midnight, New York City time, at the end of February 24, 2025, and it is prepared to complete the acquisition shortly after the tender expires, subject to the terms of the offer. The transaction is not subject to any financing conditions or due diligence conditions, and QXO expects that the waiting periods under the Hart-Scott-Rodino Act and the Canadian Competition Act will have expired or been waived by the time the tender offer expires. Morgan Stanley & Co. LLC is acting as lead financial advisor to QXO, and Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal counsel. About QXO QXO provides technology solutions, primarily to clients in the manufacturing, distribution and service sectors. The company provides consulting and professional services, including specialized programming, training and technical support, and develops proprietary software. As a value-added reseller of business application software, QXO offers solutions for accounting, financial reporting, enterprise resource planning, warehouse management systems, customer relationship management, business intelligence and other applications. QXO plans to become a tech-forward leader in the $800 billion building products distribution industry. The company is targeting tens of billions of dollars of annual revenue in the next decade through accretive acquisitions and organic growth. Visit QXO.com for more information. Forward-Looking Statements This communication contains forward-looking statements. Statements that are not historical facts, including statements about beliefs, expectations, targets, goals, regulatory approval timing and nominating directors are forward-looking statements. These statements are based on plans, estimates, expectations and/or goals at the