QXO (QXO) said late Monday it has struck deals to sell about 67.5 million shares at $12.30 per share to existing and new investors to raise about $830 million.
The placement is contingent upon the consummation of its cash tender offer to acquire Beacon Roofing Supply (BECN) shares, the company said.
Shares of QXO were down over 3% in after-hours activity.
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