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Mergers & Acquisitions

QXO Says Beacon is Misrepresenting its Valuation to Shareholders

Get the latest on the standoff here, and insight onto where it might be headed.

February 10, 2025

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With two weeks left until its tender offer is set to expire, QXO is appealing to Beacon shareholders with an attempt to set the record straight on the latter’s valuation. QXO — the building materials distribution and technology platform launched in 2024 by Brad Jacobs — posted a letter on Feb. 10 addressing Beacon shareholders about what it says are misrepresentations in Beacon’s SC 14D9/A filing with the SEC. That Feb. 6 filing was a solicitation/recommendation statement in which Beacon detailed that its board of directors unanimously rejected QXO’s all-cash tender offer of $124.25 per…

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