QXO extended its all-cash tender offer on April 14 to purchase all outstanding shares of Beacon Roofing Supply for $124.35, and provided an update on the amount of Beacon shares that have been tendered into the deal.

The tender offer will remain open until April 21 at 5:00 p.m. ET.

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The building materials distribution and technology platform shared that, as of April 11, approximately 23,379,827 shares — about 37.63% of outstanding shares — have been validly tendered and not withdrawn. Prior to this, QXO’s most recent update regarding the shares that have been tendered was on April 1, in which the company reported that approximately 26,359,566 shares had been validly tendered and not withdrawn as of March 31, representing 42.66%.

Shares of both companies traded up on April 14, with QXO jumping nearly 4.0% and Beacon (BECN) up about 0.2% through the end of business.

Beacon’s board unanimously recommends that shareholders tender their shares into the offer. The transaction is expected to close by the end of April, pending the tendering of a majority of Beacon shares.