Beacon Roofing Supply Inc - BECN STOCK NEWS

QXO (NYSE: QXO) has extended its all-cash tender offer to acquire Beacon Roofing Supply (Nasdaq: BECN) at $124.35 per share. The tender offer will remain open until April 21, 2025, with the transaction expected to close near the end of April.

As of April 11, 2025, approximately 23,379,827 shares have been validly tendered, representing 37.63% of outstanding shares. The acquisition has received antitrust clearance in the U.S. and Canada, and Beacon's board unanimously recommends shareholders tender their shares.

The deal's completion is subject to a majority of Beacon shares being tendered and other customary closing conditions.

QXO has announced an extension and amendment to its tender offer for acquiring Beacon Roofing Supply. The all-cash offer price has been increased to $124.35 per share, reflecting terms of the previously announced merger agreement. As of March 31, 2025, approximately 26,359,566 shares (42.66% of 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. Beacon's board unanimously recommends shareholders tender their shares. The closing remains subject to achieving a majority of tendered shares and other customary conditions.

QXO (NYSE: QXO) has announced an extension of its all-cash tender offer to acquire Beacon Roofing Supply (Nasdaq: BECN). The offer deadline has been extended from March 19, 2025, to March 31, 2025, at 5:00 p.m. New York City time.

The tender offer price will be amended to $124.35 per share in cash, reflecting the terms of the definitive merger agreement. As of March 19, 2025, approximately 12,174,965 shares have been validly tendered and not withdrawn, representing about 19.71% of the issued and outstanding shares.

Shareholders who have already tendered their shares do not need to take any further action. Beacon will amend its recommendation statement on Schedule 14D-9 to support the amended tender offer.

QXO (NYSE: 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.

As part of the agreement, QXO has withdrawn its nomination of 10 independent director nominees for Beacon's 2025 annual meeting, and Beacon has exempted the tender offer from its shareholder rights plan. The tender offer has been extended to March 31, 2025.

QXO (NYSE: QXO) has announced an extension of its all-cash tender offer to acquire Beacon Roofing Supply (Nasdaq: BECN). The offer price remains at $124.25 per share. The tender offer deadline has been extended from March 18, 2025, 5:00 p.m. (New York City time) to March 19, 2025, 5:00 p.m.

According to Computershare Trust Company, N.A., the depositary and paying agent, approximately 12,784,233 shares have been validly tendered and not withdrawn as of March 18, 2025, representing about 20.76% of the issued and outstanding shares. Shareholders who have already tendered their shares are not required to take any further action.

Beacon (BECN) has launched its fifth annual North American Female Roofing Professional of the Year campaign during Women's History Month. The initiative recognizes women across the U.S. and Canada who excel in the roofing industry across various roles including operations, accounting, sales, ownership, and estimating.

Nominations are open through April 18th, 2025, with five finalists to be announced in May. The public will vote for their favorite finalist, with winners announced in June. All honorees will receive funding for professional development, including attendance at the International Roofing Expo.

The 2024 winner, Brooke Laizure, Owner of Whirlwind Roofing & Construction in Bixby, Oklahoma, was recognized for her exceptional work ethic and commitment to empowering women. Nominees should demonstrate excellence, prioritize safety, focus on people-first approaches, and show commitment to building for customers, coworkers, and community.

QXO (NYSE: QXO) has secured an $830 million private placement financing through the sale of approximately 67.5 million shares of common stock at $12.30 per share to institutional investors. The closing of this private placement is contingent upon completing QXO's pending all-cash tender offer to acquire Beacon Roofing Supply (Nasdaq: BECN).

The transaction is structured as a non-public offering, with the securities not registered under the Securities Act of 1933. QXO has committed to file a prospectus supplement with the SEC to register the resale of the common stock promptly after closing.

QXO (NYSE: QXO) has announced an extension of its all-cash tender offer to acquire Beacon Roofing Supply (Nasdaq: BECN). The offer price remains at $124.25 per share.

The tender offer deadline has been extended from March 14, 2025, to March 18, 2025 at 5:00 p.m. (New York City time). As of March 14, approximately 11,293,572 shares have been validly tendered and not withdrawn, representing about 18.34% of the issued and outstanding shares.

Shareholders who have already tendered their shares do not need to take any further action. For assistance, shareholders can contact Innisfree M&A Incorporated at +1 (888) 750-5834.

QXO (NYSE: QXO) has announced an extension of its all-cash tender offer to acquire Beacon Roofing Supply (Nasdaq: BECN). The offer price remains at $124.25 per share. The tender offer deadline has been extended from March 10, 2025, to March 14, 2025 at 5:00 p.m. New York City time.

As of March 10, 2025, approximately 11,115,328 shares have been validly tendered and not withdrawn, representing about 18.05% of the issued and outstanding shares. Shareholders who have already tendered their shares do not need to take any further action regarding this extension.