Company: QXO-PB
Filing Date: 2025-02-05
Form Type: SC TO-T/A
Source: 0001140361-25-003084
Chunk: 1

Company: QXO, Inc.
Filing Date: 2025-02-05
Form: SC TO-T/A
Chunk 1
---
 tendered Shares?” on page 4 of the Offer to Purchase is amended and restated as follows:

Upon the terms and subject to the

#### satisfaction or waiver of the
**conditions of the Offer set forth in “The Offer—Section 14—Conditions of the Offer” , we will pay for all validly tendered and not withdrawn Shares promptly after the**

#### Expiration Time.
**later of the date of expiration of the Offer and the satisfaction or waiver of the conditions to the Offer set forth in “The Offer—Section 14—Conditions of the Offer.”

Each of the fourth paragraph on the cover page of the Offer to Purchase, the first paragraph in the answer to the question titled “What does the Board of Directors of Beacon think of the Offer?” on page 3 of the Offer to Purchase and the fourth paragraph under the section titled “Introduction” on page 8 of the Offer to Purchase is amended and restated as follows:

Since July 2024, QXO has made numerous attempts to engage constructively with Beacon to reach a potential negotiated transaction that would enhance value for Beacon stockholders. QXO submitted a written proposal to acquire Beacon for $124.25 per share in cash on November 11, 2024, which proposal represented a 38% premium over Beacon’s 90-day average share price as of November 8, 2024 (the last trading day prior to QXO’s submission of the written proposal), a 26% premium over Beacon’s unaffected price as of November 15, 2024 (the last trading day prior to The Wall Street Journal report regarding the potential transaction) and a 3.0x premium to Beacon’s average historical 3-year next-twelve months trading enterprise value to EBITDA multiple of 8.1x. Since QXO’s initial outreach in July 2024, QXO’s attempts at constructive engagement have been met by delays, cancellations and unreasonable preconditions, notably a long-term “standstill”**

#### for at least twelve months
that would have prohibited QXO from offering its proposal directly to Beacon’s stockholders or even informing Beacon stockholders of its existence. Despite QXO’s various attempts, Beacon has not granted QXO any access to Beacon management in person or virtually, or an opportunity for any interactive discussion or real-time questions and answers.

SIGNATURE After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true