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QXO extends deadline for tender offer to buy Beacon Roofing
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QXO extends deadline for tender offer to buy Beacon Roofing
Mar 4, 2025 4:32 AM

March 4 (Reuters) - QXO said on Tuesday it had

extended the deadline of its tender offer to buy Beacon Roofing

Supply ( BECN ) by a week to March 10.

QXO, a new entrant in the building products distribution

industry that counts U.S. President Donald Trump's son-in-law

Jared Kushner as a board member, made a bid in January to buy

Beacon's outstanding shares for $124.25 per share.

Beacon rejected the offer saying it significantly

undervalued the company. But QXO CEO Brad Jacobs took the offer

directly to Beacon's shareholders in a hostile takeover attempt.

QXO's offer was set to expire on Monday, but will now remain

open until 5:00 p.m. ET on March 10.

(Reporting by Anshuman Tripathy in Bengaluru; Editing by

Shinjini Ganguli)

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