09:41 AM EST, 02/25/2025 (MT Newswires) -- QXO (QXO) said Tuesday that its all-cash tender offer to acquire all outstanding Beacon Roofing Supply's ( BECN ) shares for $124.25 apiece will now expire on Monday, March 3, at 5 pm ET, rather than Feb. 24.

QXO said it is "confident" Beacon stockholders will "overwhelmingly support" the offer.

Separately, Beacon said QXO's unsolicited tender offer "significantly undervalues" the company and is "not in the best interests" of its shareholders. The specialty building products distributor recommended its shareholders not to tender their shares into QXO's offer.

QXO declined an MT Newswires request for comment regarding Beacon's statement.

QXO's shares were down 1% in recent Tuesday trading, while Beacon's stock was up 1%.

Price: 12.20, Change: -0.07, Percent Change: -0.57