QXO Urges Beacon Roofing Supply

QXO Urges Beacon Roofing Supply to Let Shareholders Decide on Premium All Cash Offer of $124.25 per Share
QXO, Inc. (NYSE: QXO) today issued the following statement in response to the announcement by Beacon Roofing Supply, Inc. (Nasdaq: BECN) that its Board of Directors has rejected QXO’s all-cash $124.25 per share offer.
Beacon Roofing Urges Shareholders to Reject Hostile QXO Bid
Beacon Roofing Supply Inc. has officially rejected a hostile takeover approach from QXO Inc., setting the stage for a potentially protracted battle for control of the building supplies provider.
QXO Urges Beacon to Let Shareholders to Decide on Offer After Board Rejection
On Jan. 27, QXO filed its own SEC brief in which it provided an extensive timeline of negotiation attempts and updates with Beacon, along with its stance on actions Beacon’s board had taken, noting ‘unreasonable predictions’ and QXO engagement attempts that had been met with delays and cancellations.
Beacon Roofing Rejects Hostile QXO Bid
Beacon Roofing Supply has officially rejected a hostile takeover approach from QXO, setting the stage for a potentially protracted battle for control of the building supplies provider.
Beacon Roofing asks shareholders to reject QXO's takeover offer
Beacon Roofing Supply said on Thursday its board had recommended shareholders reject QXO's tender offer to acquire all outstanding shares of the company for $124.25 per share in cash. Shares of Beacon were up about 1.
Beacon rejects QXO's $124.25 per share acquisition offer
HERNDON, Va. - Beacon (NASDAQ:BECN), a leading distributor of roofing and exterior building materials with a market capitalization of $7.36 billion, has formally advised its shareholders not to accept the unsolicited acquisition offer from QXO,
Beacon Adopts Shareholder Rights Deal to Hold Off QXO
As expected, QXO responded immediately following Beacon’s rights agreement announcement, calling the move “shareholder unfriendly” and a “poison pill” aimed at blocking QXO’s all-cash offer, which is set to expire at the end of Feb. 24..
Beacon Roofing CEO describes dealings with QXO as takeover bid heats up
Beacon Roofing CEO Julian Francis described communications with a building products distributor looking to acquire his company.
Beacon Roofing Solicits Bids to Fend Off Brad Jacobs' QXO
Beacon Roofing Supply has started soliciting interest from potential buyers as it looks to fend off an $11 billion takeover bid from rival QXO Inc., people familiar with the matter said.
QXO urges Beacon to let investors decide on all cash offer of $124.25 per share
QXO, Inc. (QXO) issued the following statement in response to the announcement by Beacon Roofing Supply, Inc. (BECN) that its Board of
Beacon Board of Directors Unanimously Rejects QXO’s Unsolicited Tender Offer
Beacon (Nasdaq: BECN) (the "Company"), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, today announced that its Board of Directors ...
QXO: Prepared to complete Beacon acquisition shortly after tender expires
Prepared to complete Beacon (BECN) acquisition shortly after tender expiresMaximize Your Portfolio with Data Driven ...
Stifel cuts Beacon Roofing Supply rating to Hold, target to $122.55
Stifel analysts downgraded Beacon Roofing Supply stock, traded on (NASDAQ:BECN), from Buy to Hold, adjusting the price target to $122.55 from the previous $131.00. The stock, currently trading at $120 ...