QXO extends tender offer to acquire Beacon
Written by Emily J. Thompson, Senior Investment Analyst
Tender Offer Announcement: QXO is extending its all-cash tender offer to acquire Beacon Roofing Supply at $124.35 per share, with the offer open until April 28, 5:00 p.m. NYC time.
Board Recommendation and Closing Conditions: Beacon's board unanimously recommends shareholders accept the offer, which is expected to close by the end of April pending majority shareholder participation and other customary conditions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
