QXO Inc. announced that it is extending its all-cash tender offer to acquire all outstanding shares of Beacon for $124.35 per share.

Beacon’s board of directors unanimously recommends that all shareholders tender their shares into the offer. The tender offer will remain open until 5 p.m. EST on April 21.

According to a news release, QXO expects the transaction to close at or near the end of April, subject to a majority of Beacon shares tendering in the offer and other customary closing conditions. The acquisition has received antitrust clearance in the U.S. and Canada.

Computershare Trust Company, N.A., the depositary and paying agent for the tender offer, reported on April 11 that approximately 23.4 million shares have been validly tendered and not withdrawn, representing approximately 37.63% of the issued and outstanding shares. QXO says shareholders who have already tendered their shares do not need to take further action in response to this extension.

The full terms, conditions and other details of the tender offer are available in the offering documents filed with the Securities and Exchange Commission.

The extension occurs as the U.S. and global economy are still reeling from the application and pause of tariffs. President Donald Trump announced on April 9 that large tariff hikes for most countries would be paused for 90 days, except for China and a 10% tariff on most countries. QXO officials, though, aren't too worried about the effects tariffs will have on Beacon's operations.

"One of the many things we like about Beacon is that the tariff risk is minimal. The business is primarily 'made in the USA, sold in the USA,'" said QXO Spokesperson Joe Checkler.

As of 4 p.m. Monday, Beacon's stock clocked in at $123.38 per share, up 0.19%. It previously closed at $123.15. On Monday, the Dow Jones Industrial Average rose 300 points, or 0.75%, while the S&P 500 increased by 0.9%. The Nasdaq increased 0.8%.

Trump has claimed to be "flexible" on tariffs, though it's unclear whether any tariffs impacting roofing will be exempted or lifted. Some temporary tariff exemptions have been discussed, such as electronics and auto parts.

"NOBODY is getting “off the hook” for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst! There was no Tariff 'exception' announced on Friday," Trump wrote on Truth Social.