QXO, Inc. - Common Stock (QXO)

Wolfe Research cited strong organic EBITDA growth potential and acquisition-driven value in the building products distribution space.

The building materials company expects to raise $1 billion from the offering.

Discover the top movers in Tuesday's after-hours session and stay informed about the post-market dynamics.

Boeing, QXO, Dell and UnitedHealth Group were in focus on the latest edition of CNBC's "Halftime Report Final Trades."

NYSE: QXO trading higher premarket after announcing merger with NASDAQ: BECN for $124.35 per share in cash. Tender offer extended until 3/31/2025.

QXO has also secured $830 million in a fresh equity raise in connection to the offer, WSJ reported.

BECN shares up after discussions that QXO may acquire it for $11 billion. Also announced strategic investment with Renovate Robotics.

Alibaba released the latest version of its Qwen large language model, Qwen 2.5 Max, and it’s not only beating out local competitors like DeepSeek’s V3, it’s outperforming ChatGPT and Meta too.

QXO, Inc. (NYSE: QXO) has proposed an all-cash tender offer of $124.25 per share for Beacon Roofing Supply, Inc. (NASDAQ: BECN), valuing the transaction at approximately $11 billion.