QXO Extends Tender Offer for Beacon Roofing Supply Acquisition

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QXO Extends Tender Offer for Beacon Roofing Supply Acquisition

, MT Newswires - 9:50 AM ET 4/1/2025 mergers-and-acquisitions

09:50 AM EDT, 04/01/2025 (MT Newswires) -- QXO (QXO) said Tuesday it is extending and amending its all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply ( BECN ) for $124.35 per share in cash until 5 pm ET April 14.

The company intends to close the deal around the end of April, it said, adding the proposed acquisition has received antitrust clearance in the US and Canada.

As of March 31, about 26.4 million shares of Beacon have been validly tendered and not withdrawn, or about 43% of the issued and outstanding shares, QXO said its depositary and paying agent for the tender offer has reported.

Price: 13.52, Change: -0.02, Percent Change: -0.15

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