Company: QXO-PB
Filing Date: 2025-03-10
Form Type: DFAN14A
Source: 0000950142-25-000691
Chunk: 1

Company: QXO, Inc.
Filing Date: 2025-03-10
Form: DFAN14A
Chunk 1
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 acquire Beacon for $124.35 per share in cash, or total consideration of approximately
$11 billion.

QXO is engaging in customary due diligence regarding
Beacon’s business, and QXO and Beacon are negotiating a definitive agreement. Beacon is postponing its Investor Day, which had been
scheduled for March 13, 2025.

There can be no assurance that these discussions
will result in a transaction.

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 www.qxo.com for more information.

About Beacon

Founded in 1928, Beacon is a publicly-traded Fortune 500 company that distributes
specialty building products, including roofing materials and complementary products, such as siding and waterproofing. The company operates
over 580 branches throughout all 50 states in the U.S. and 7 provinces in Canada. Beacon serves an extensive base of nearly 110,000 customers,
utilizing its vast branch network and service capabilities to provide high-quality products and support throughout the entire project
lifecycle. Beacon offers its own private label brand, TRI-BUILT®, and has a proprietary digital account management suite, Beacon PRO+®,
which allows customers to manage their businesses online. Beacon’s stock is traded on the Nasdaq Global Select Market under the
ticker symbol BECN. To learn more about Beacon, please visit http://www.becn.com.

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 time the statements
are made, and readers should not place undue reliance on them. In some cases, readers can identify forward-looking statements by the use
of forward-looking terms such as “may,” “will,” “should,” “expect