Beacon Board Recommends Shareholders Tender Shares in Extended Offer
Beacon Roofing Supply’s Board of Directors has unanimously recommended that all shareholders tender their shares in connection with the extended tender offer. The offer is now set to remain open until 5:00 p.m. (New York City time) on April 28, 2025.
The transaction is expected to close by the end of April, pending the tendering of a majority of Beacon’s outstanding shares and the satisfaction of other customary closing conditions. The proposed acquisition has already secured antitrust approval in both the United States and Canada.
According to Computershare Trust Company, N.A.—the depositary and paying agent for the offer—approximately 23,820,838 shares had been validly tendered and not withdrawn as of 5:00 p.m. on April 19, 2025. This figure represents about 38.32% of Beacon’s outstanding shares. Shareholders who have already tendered their shares are not required to take any additional action due to the extension.
Shareholders seeking assistance with the tendering process can contact Innisfree M&A Incorporated, the information agent for the offer, at +1 (888) 750-5834.
Full details regarding the offer—including terms and conditions—are available in the offering documents filed with the U.S. Securities and Exchange Commission.
About QXO
QXO plans to become the leader in the $800 billion building products distribution industry, with the goal of generating outsized value for shareholders. The company is targeting annual revenue of $50 billion in the coming decade through accretive acquisitions and organic growth. QXO recently signed a definitive agreement to acquire Beacon Roofing Supply, Inc. for approximately $11 billion, making QXO the second-largest distributor of roofing products in the United States upon closing, expected the week of April 28, 2025. In addition, QXO provides technology solutions to clients in the manufacturing, distribution and service sectors. Visit www.qxo.com for more information.