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QXO Extends Tender Offer to Acquire Beacon Roofing Supply

1. QXO offers to acquire all BECN shares at $124.25 per share. 2. Tender offer deadline extended to March 3, 2025; acquisition likely soon.

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FAQ

Why Bullish?

The fixed cash offer provides a clear premium and exit value for BECN shareholders, similar to past M&A deals that tightened trading near the offer price.

How important is it?

The tender offer establishes a definitive valuation and immediate market focus on BECN, influencing shareholder actions and market sentiment.

Why Short Term?

Acquisition announcements typically lead to rapid price convergence towards the tender offer, affecting near-term trading dynamics.

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QXO
GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) announced today it is extending its all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (Nasdaq: BECN) for $124.25 per share. The tender offer, originally set to expire at 12:00 midnight (New York City time) on February 24, 2025, will remain open until 5:00 p.m. (New York City time) on March 3, 2025. QXO is currently prepared to complete the acquisition shortly after the tender expires, subject to the of.

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