QXO extends tender offer to acquire Beacon

QXO (QXO) announced that it is extending its all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply (BECN) for $124.35 per share. Beacon’s board of directors unanimously recommends that all shareholders tender their shares into the offer. The tender offer will remain open until 5:00 p.m. (New York City time) on April 28. The transaction is expected to close at or near the end of April, subject to a majority of Beacon shares tendering in the offer and other customary closing conditions. The acquisition has received antitrust clearance in the U.S. and Canada.