QXO Stock: Apollo Global Commits $1.2 Billion Investment for Building Products Company

TLDR QXO secures $1.2 billion investment from Apollo Global Management and partners including Franklin Templeton Convertible preferred stock priced at $23.25 per share, an 18% premium over Friday’s close Investment includes 4.75% annual dividend with mandatory acquisition deadline of July 15, 2026 Stock climbed over 18% on Monday following the announcement Deal supports Brad Jacobs’ [...]

The post QXO Stock: Apollo Global Commits $1.2 Billion Investment for Building Products Company appeared first on Blockonomi.