Articles from QXO, Inc.

GREENWICH, Conn., Feb. 12, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSEQXO) announced today that it has informed Beacon Roofing Supply, Inc. (Nasdaq: BECN) that it will propose 10 independent director nominees at Beacon’s 2025 Annual Meeting of Shareholders to replace Beacon’s Board of Directors.

Calls on Beacon to Remove Shareholder-Unfriendly Poison Pill

Beacon Insiders Recently Sold Shares Well Below Offer Price, Undermining Beacon’s Case Against QXOQXO Calls on Beacon Roofing to Let Shareholders Decide on QXO’s $124.25 All-Cash Offer

GREENWICH, Conn., Feb. 06, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSEQXO) today issued the following statement in response to the announcement by Beacon Roofing Supply, Inc. (Nasdaq: BECN) that its Board of Directors has rejected QXO’s all-cash $124.25 per share offer.

Reaffirms Commitment to Acquiring Beacon for $124.25 per Share in Cash

Urges Beacon Shareholders to Secure Significant and Immediate Cash Value by Tendering into QXO’s Offer

Offers Significant and Immediate Value to Beacon Shareholders with a 37% Premium above Beacon’s Unaffected 90-Day Share Price

GREENWICH, Conn., Jan. 06, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (Nasdaq: QXO) today announced that it will transfer the listing of its common stock to the New York Stock Exchange (“NYSE”) from the Nasdaq Stock Market (“Nasdaq”). The company will retain its stock ticker, QXO.

GREENWICH, Conn., Nov. 13, 2024 (GLOBE NEWSWIRE) -- QXO, Inc. (Nasdaq: QXO) today announced its financial results for the third quarter 2024. The company reported a loss of $0.01 per basic and diluted share attributable to common shareholders.

GREENWICH, Conn., Nov. 07, 2024 (GLOBE NEWSWIRE) -- QXO, Inc. (Nasdaq: QXO) today announced that Ashwin Rao has been appointed chief artificial intelligence officer, effective immediately. He will serve as the company’s principal AI architect, as QXO becomes a leader in the $800 billion building products distribution industry.

GREENWICH, Conn., Aug. 14, 2024 (GLOBE NEWSWIRE) -- QXO, Inc. (Nasdaq: QXO) today announced its second quarter results for the three and six months ended June 30, 2024.

Closes Previously Announced $3.5 Billion Private Placement

GREENWICH, Conn., June 13, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by QXO, Inc. (Nasdaq: QXO), please note that in the third paragraph of the release, the number of outstanding shares of preferred stock referenced should be 1 million, not 219.0 million as previously stated. The corrected release follows.

GREENWICH, Conn., June 13, 2024 (GLOBE NEWSWIRE) -- QXO, Inc. (Nasdaq: QXO) (the “Company” or “QXO”), a company expected to be a tech-forward leader in the building products distribution industry, today announced that it has entered into purchase agreements with certain institutional and accredited investors for a $3.5 billion private placement financing (the “Private Placement”).

GREENWICH, Conn., June 06, 2024 (GLOBE NEWSWIRE) -- Brad Jacobs, chairman and chief executive officer of QXO, Inc. (Nasdaq: QXO), today announced the appointment of eight executives and six members of its board of directors, effective immediately. QXO entered the $800 billion building products distribution industry today when Jacobs led a $1 billion equity investment to completion. Ihsan Essaid was previously announced as QXO’s incoming chief financial officer.

Brad Jacobs Becomes Chairman and CEO of QXO