QXO Completes $11 Billion Acquisition of Beacon Roofing Supply

MT Newswires Live

Apr 29, 2025

QXO (QXO) said Tuesday it has completed the acquisition of Beacon Roofing Supply (BECN) at a price of $124.35 per share, bringing the total deal value to around $11 billion.

QXO said it completed its tender offer for Beacon Roofing Supply by acquiring over 72% of shares and finalized the acquisition through a second-step merger, with all remaining shareholders to receive $124.35 per share in cash.

With completion of the acquisition, QXO has also finalized its earlier announced $830 million private equity placement, the company said. Beacon is now a wholly owned subsidary of QXO, and its shares ceased trading on the Nasdaq Global Select Market before the market's open Tuesday.

Shares of QXO were down nearly 1.3% in recent Tuesday trading.

Price: 13.25, Change: -0.17, Percent Change: -1.27

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Beacon is now a wholly owned subsidary of QXO, and its shares ceased trading on the Nasdaq Global Select Market before the market's open Tuesday.</p><p>Shares of QXO were down nearly 1.3% in recent Tuesday trading.</p><p>Price: 13.25, Change: -0.17, Percent Change: -1.27</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1169589451.USD","symbol_name":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2531968755","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2531968755","pubTimestamp":1745935779,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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