India, Feb. 12 -- QXO, Inc. (QXO), Wednesday announced that the company has secured antitrust clearance in the U.S. and Canada for its acquisition of Beacon Roofing Supply, Inc. (BECN) for $124.25 per share.
The company further stated that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired, adding that it has received early termination of the waiting period from the Canadian Competition Bureau.
Following the expiration of QXO's all-cash tender offer on February 24, the company will complete the acquisition.
In the pre-market hours, QXO's stock is trading at $13.50, up 0.22 percent on the New York Stock Exchange.
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