Company: QXO-PB
Filing Date: 2025-02-10
Form Type: DFAN14A
Source: 0001140361-25-003664
Chunk: 4

Company: QXO, Inc.
Filing Date: 2025-02-10
Form: DFAN14A
Chunk 4
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 lack of alignment with shareholder interests and demonstrating their lack of confidence in Beacon’s standalone prospects.

| 6. | Beacon’s Own Filings Suggest that No Actionable Competing Offer Exists |

Beacon’s recent filings indicate no viable third-party alternative to QXO’s premium offer.Beacon’s 14D-9 filing has not disclosed any competing offers, or even a single NDA being signed. Interestingly, on December 2, 2024, representatives of J.P. Morgan explicitly informed representatives of Morgan Stanley that they had been authorized to approach other potential suitors for Beacon. QXO’s letter to Beacon sent on the following day stated this clearly, yet Beacon made no effort to dispute this until two months later, on February 6, 2025. QXO’s offer is clear, compelling and in shareholders’ best interest. It is time for Beacon’s Board to stop obstructing shareholders and let them decide their own financial future. QXO’s tender offer for all of Beacon’s outstanding common stock will be effective until 12:00 midnight (New York City time) at the end of February 24, 2025, and QXO 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. Advisors 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.comfor more information. 10As per Schedule 14D-9 filed with the SEC on February 6, 2025 Forward-Look