QXO, Inc. Stock Plunges
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Business & Economics
QXO (QXO) Falls 7.23% After $2-Billion Share Sale

75% Informative
QXO declined by 7.23 percent on Wednesday to close at $ 21.81 apiece.
The company announced plans to raise $2 billion through a share sale program.
Proceeds from the offer will be used for general corporate purposes, which may include funding future business acquisitions.
The proposed transaction will cover all outstanding shares at a price of $ 95.20 apiece.
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