A potential deal between QXO and Beacon remains a possibility, with QXO Inc. (NYSE: QXO), Greenwich, Conn., again extended its all-cash tender offer on Tuesday to acquire all outstanding shares of Beacon Roofing Supply Inc. (Nasdaq: BECN) for $124.25 per share, or close to $11 billion in total.
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The tender offer, which was scheduled to expire at 5 p.m. ET on March 10, 2025, will remain open until 5 p.m. on March 14, 2025.
The talks have turned more friendly, as Beacon and QXO jointly shared last week that they are discussing a potential deal. Beacon postponed its March 13 Investor Day.
QXO provides technology solutions, primarily to clients in the manufacturing, distribution and service sectors. QXO plans to become a “tech-forward leader in the $800 billion building products distribution industry.” The company is targeting tens of billions of dollars of annual revenue in the next decade through acquisitions and organic growth. Beacon is a step toward that goal.
Beacon distributes specialty building products, including roofing materials and complementary products, such as siding and waterproofing. The company operates over 580 branches throughout 50 states in the U.S. and 7 provinces in Canada.
