QXO (QXO) announced that it is extending its all-cash tender offer to acquire all outstanding shares of Beacon (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. on April 21. 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.
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