Beacon Adopts Shareholder Rights Deal to Hold Off QXO
2 days ago · The latest salvo between QXO and Beacon in QXO’s takeover attempt is a defensive move that figures to stymie or at least delay QXO’s hostile bid. Roofing and other building materials distributor Beacon announced Jan. 28 that its board of directors unanimously adopted a limited duration ...
Beacon Roofing adopts poison pill after QXO's hostile takeover bid
2 days ago · (Reuters) - Beacon Roofing Supply said on Tuesday it has adopted a limited duration stockholder rights agreement, commonly known as a poison pill, following a hostile takeover bid by QXO. Beacon ...
Beacon Implements Stockholder Rights Plan Following QXO's Takeover …
2 days ago · (RTTNews) - Beacon Roofing Supply, Inc. (BECN), Tuesday announced the adoption of a limited duration stockholder rights agreement following QXO, I...
QXO goes hostile in $11 billion takeover offer to Beacon Roofing
3 days ago · (Reuters) -Billionaire Brad Jacobs on Monday took his QXO $11 billion takeover offer for Beacon Roofing to shareholders, after North America's largest publicly traded distributor of roofing materials repeatedly rebuffed his offer. By reaching out to Beacon shareholders directly, QXO Chief Executive Brad Jacobs effectively bypassed Beacon's board and management. …
Beacon Roofing CEO describes dealings with QXO as takeover bid …
3 days ago · Beacon Roofing CEO Julian Francis described communications with a building products distributor looking to acquire his company.
QXO | QXO Proposes to Acquire Beacon Roofing Supply for …
GREENWICH, Conn., January 15, 2025 – QXO, Inc. (Nasdaq: QXO) today announced that it has made public a proposal to the Board of Directors of Beacon Roofing Supply, Inc. (Nasdaq: BECN) to acquire all outstanding shares of Beacon for $124.25 per share in cash.
QXO Launches Hostile Takeover Bid for Beacon Roofing Supply
3 days ago · QXO Inc. has launched a hostile takeover bid for Beacon Roofing Supply Inc. after the board of the building products company rejected its offer as too low.
QXO Takes $11 Billion Deal for Beacon Roofing Straight to …
Jan 15, 2025 · Tech-forward building products startup QXO is taking its $11 billion takeover offer for roofing company Beacon directly to the company’s shareholders, while accusing the company’s board of...
Beacon Roofing rejects QXO's $11 bln takeover offer | Reuters
Jan 15, 2025 · Beacon Roofing Supply on Wednesday rejected a $11 billion takeover offer from QXO , a new player in the building products distribution industry, saying its proposal "significantly undervalues"...
Beacon Roofing rejects QXO's $11 billion takeover offer
Jan 15, 2025 · (Reuters) -Beacon Roofing Supply on Wednesday rejected a $11 billion takeover offer from QXO, a new player in the building products distribution industry, saying its proposal "significantly...