QXO's $11 Billion Bid for Beacon Roofing Supply Nears Majority Share Threshold

On April 1, 2025, Beacon Roofing Supply (BECN) experienced a trading volume of $465 million, marking a 40.99% decrease from the previous day. The stock price of Beacon Roofing Supply (BECN) rose by 0.06%.

QXO has extended and amended its tender offer to acquire Beacon Roofing Supply, increasing the offer price to $124.35 per share in cash. This move follows the previously announced merger agreement. As of March 31, 2025, approximately 42.66% of Beacon's outstanding shares have been validly tendered. The tender offer deadline has been extended to April 14, 2025, with the transaction expected to close near the end of April. The deal has already received antitrust clearance in the U.S. and Canada, and Beacon's board unanimously recommends shareholders tender their shares.

QXO has also raised its tender offer to acquire Beacon Roofing Supply to $124.35 per share in cash, securing 42.66% of shares. The deadline for the tender offer has been extended to April 14, 2025, as QXO nears the majority threshold for the acquisition. QXO has announced a definitive merger agreement to acquire Beacon Roofing Supply for $124.35 per share in an all-cash transaction valuing Beacon at approximately $11 billion, including outstanding debt. The acquisition targets Beacon's network of nearly 600 branches across the U.S. and Canada in the $800 billion building products distribution industry. The transaction, unanimously approved by both companies' boards, is expected to close by April's end, subject to tender offer conditions. QXO has secured $5 billion in cash and financing commitments for the purchase, including an $830 million private placement financing from institutional investors. The deal has already received antitrust clearance in the U.S. and Canada.

QXO has confirmed ongoing discussions with Beacon Roofing Supply regarding a potential acquisition deal. The proposed transaction would involve QXO acquiring Beacon for $124.35 per share in cash, representing a total consideration of approximately $11 billion. QXO is currently conducting standard due diligence on Beacon's business operations, and both companies are in negotiations for a definitive agreement. As a result of these discussions, Beacon has postponed its previously scheduled Investor Day event from March 13, 2025. However, both companies emphasize that there is no guarantee these discussions will lead to a final transaction.