Company: QXO-PB
Filing Date: 2025-04-21
Form Type: SC TO-T/A
Source: 0000950142-25-001123
Chunk: 1

Company: QXO, Inc.
Filing Date: 2025-04-21
Form: SC TO-T/A
Chunk 1
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-4(i) (Cross-Border Issuer Tender Offer)      |
| ☐ | Rule 14d-1(d) (Cross-Border Third-Party Tender Offer) |

This Amendment No. 32 (this “Amendment”) amends and
supplements the Tender Offer Statement on Schedule TO (together with any amendments and supplements thereto, this “Schedule TO”),
filed with the Securities and Exchange Commission (the “SEC”) on January 27, 2025 by QXO, Inc., a Delaware corporation (“QXO”),
and Queen MergerCo, Inc., a Delaware corporation (the “Purchaser”) and a wholly owned subsidiary of QXO. This Schedule TO
relates to the offer by the Purchaser to purchase all of the outstanding shares of common stock, par value $0.01 per share (the “Shares”),
of Beacon Roofing Supply, Inc., a Delaware corporation (“Beacon”), at $124.35 per Share, to the seller in cash, without interest
and less any required withholding taxes, upon the terms and subject to the conditions set forth in the Amended and Restated Offer to Purchase,
dated March 31, 2025 (together with any amendments or supplements thereto, the “Offer to Purchase”) and in the related Amended
and Restated Letter of Transmittal, copies of which are attached to this Schedule TO as Exhibits (a)(1)(G) and (a)(1)(H), respectively,
which, together with any amendments or supplements thereto, collectively constitute the “Offer”.

Except as otherwise set forth in this Amendment,
the information set forth in this Schedule TO remains unchanged and is incorporated herein by reference to the extent relevant to the
items in this Amendment. Capitalized terms used but not defined herein have the meanings assigned to such terms in the Offer to Purchase.

Amendments to Schedule TO and Offer to Purchase

Item 1. Summary Term Sheet.

Item 1 of the Schedule TO and the disclosure
under “Summary Term Sheet” in the Offer to Purchase are hereby amended and supplemented by revising and restating in its entirety
the fifth paragraph of subsection “—Do you have the financial resources to pay for the Shares?” of the “Summary
Term Sheet” as follows:

“On April 16, 2025, QXO entered
into an underwriting agreement with Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC (collectively,