QXO, Inc. announced an extension and amendment to its all-cash tender offer to acquire Beacon Roofing Supply, Inc. The offer price has been increased to $124.35 per share in cash, reflecting the terms of the definitive merger agreement announced on March 20, 2025. The tender offer will now remain open until April 14, 2025.
Beacon’s board of directors unanimously recommends that all shareholders tender their shares into the amended offer, and has updated its recommendation statement accordingly. As of March 31, 2025, approximately 26,359,566 shares, representing about 42.66% of outstanding shares, had been validly tendered. The transaction is expected to close by the end of April, with antitrust clearance already secured in the U.S. and Canada.
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