Jan 5 (Reuters) – QXO on Monday said that Apollo Global Management and certain other investors have agreed to invest $1.2 billion in the building-products distributor to support its acquisition pursuits.
Shares of QXO were up more than 8% in premarket trade.
Brad Jacobs-led QXO tried buying peer GMS for $5 billion in a hostile bid last year, which was ultimately sold to Home Depot.
(Reporting by Anshuman Tripathy in Bengaluru; Editing by Vijay Kishore)
