QXO Is Raising Another $1.8 Billion for Its M&A War Chest
Building-supplies company QXO could be moving closer to making another big acquisition. The firm, led by serial entrepreneur Brad Jacobs, announced Monday that it is raising an additional 1.2 billion investment in QXO's convertible preferred stock led by Apollo Global Management last week. The new round was led by Apollo and Temasek, the sovereign wealth fund of Singapore. ...