Company: QXO-PB
Filing Date: 2025-04-29
Form Type: 8-K
Source: 0001140361-25-016371
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Company: QXO, Inc.
Filing Date: 2025-04-29
Form: 8-K
Item: Item 2.01
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Item 2.01      Completion of Acquisition or Disposition of Assets.  

On April 29, 2025, QXO completed the previously announced acquisition of Beacon, pursuant to the Merger Agreement.

As previously disclosed, pursuant to the Merger Agreement, and upon the terms and subject to the conditions thereof, QXO caused Merger
Sub to amend its previously commenced tender offer, which was commenced on January 27, 2025 and contemplated a purchase of all of the outstanding shares of common stock, par value $0.01 per share, of Beacon (the “ Shares”) at a price of $124.25 per share (such offer, as amended prior to the execution of the Merger Agreement, the “ January Offer”), to increase the purchase
price of the Shares to $124.35 per share (such amount, the “ Offer Price”) in cash, without interest, and to make such other amendments to reflect the execution, terms and other conditions
of the Merger Agreement (the “ Amended Offer” and, together with the January Offer, the “ Offer”).

The Offer expired at 5:00 p. m., Eastern Time, on April 28, 2025 (the “ Expiration Time”).

The depositary and exchange agent for the Offer has advised QXO that, as of the Expiration Time, a total of 44,835,447 Shares had been validly tendered and not validly withdrawn pursuant to the Offer, which represented approximately 72.06% of the
aggregate voting power of the Shares outstanding immediately after the consummation of the Offer, and an additional 6,098,763 Shares were tendered pursuant to guaranteed delivery procedures, representing approximately an additional 9.8% of the
aggregate voting power of the Shares outstanding immediately after the consummation of the Offer. On April 29, 2025, Merger Sub irrevocably accepted for purchase all shares of the Shares validly tendered and not validly withdrawn pursuant to the
Offer.

On April 29, 2025, pursuant to the terms of the Merger Agreement, Merger
Sub merged with and into Beacon, with Beacon surviving as a wholly owned subsidiary of QXO and being renamed QXO Building Products, Inc. (the “ Merger DGCL other than (i) Shares owned by QXO, Merger Sub or any other direct or indirect wholly owned Subsidiary of QXO at the