QXO and Beacon Roofing Supply, Inc. Announce Merger

In a significant move that reshapes the roofing industry, QXO has announced its plan to acquire Beacon Roofing Supply, Inc. for an impressive $124.35 per share in cash. This deal, valuing Beacon at approximately $11 billion including all outstanding debt, marks a new chapter for both companies.

Unanimous Approval and Expected Closure

The boards of directors from both QXO and Beacon have given their unanimous approval for the transaction. With the expectation of closing by the end of April, this merger is contingent upon the majority of Beacon shareholders tendering their shares and the fulfillment of other customary closing conditions. Beacon's board strongly recommends that all shareholders participate in the offer.