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.
QXO commences $11B tender offer to buy Beacon Roofing Supply
QXO (NYSE:QXO) has commenced an $11B all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply (NASDAQ:BECN) for $124.25 a share. This price implies a 37% premium above Beacon’s 90-day unaffected volume-weighted average price of $91.
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 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 (the "Board") issued its formal recommendation to shareholders regarding the unsolicited tender offer (the "Offer") from QXO,
QXO Launches $11 Billion Tender Offer to Acquire Beacon Roofing Supply for $124.25 Per Share in Cash
QXO intends to complete the acquisition quickly after the tender offer expires in 20 business days, subject to the terms of the offer. The proposed transaction is not subject to any contingencies related to financing or due diligence.
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.
QXO Confirms Tender Offer to Take Over Beacon Roofing Supply
QXO launched an attempt to acquire Beacon Roofing Supply directly from its shareholders with a tender offer of $124.25 a share.
Beacon Roofing Stock In Focus After Analyst Downgrade Following Rejection Of QXO Buyout Offer: Retail’s Divided
Shares of Beacon Roofing Supply ($BECN) rose about 1.29% on Friday even as the company received a downgrade from analyst firm Stifel, following another rejection of a $11 billion buyout offer from technology solutions company QXO Inc.
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 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.
Nasdaq10d
QXO, Inc. Reaffirms Commitment to $124.25 Per Share Cash Offer for Beacon Roofing Supply, Inc.
QXO, Inc. has reiterated its commitment to acquiring Beacon Roofing Supply, Inc. for $124.25 per share in a cash tender offer, which represents a significant premium over Beacon's recent ...
Reuters11d
QXO goes hostile in $11 billion takeover offer to Beacon Roofing
Beacon's board, which has 10 days to respond, said it is looking for other potential buyers to increase the price offer. Its shareholders have until Feb. 24 to tender shares, unless QXO extends ...
MarketWatch11d
QXO Confirms Tender Offer to Take Over Beacon Roofing Supply -- Update
QXO launched an attempt to acquire Beacon Roofing Supply directly from its shareholders with a tender offer of $124.25 a share. The building-products distributor Monday said its offered share ...
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 ...