With No Competing Offers, Beacon Roofing’s Board Stalls and Misleads
Sold Shares Well Below Offer Price, Undermining Beacon’s Case Against QXOQXO Calls on Beacon Roofing to Let Shareholders
QXO Initiates $11 Billion Cash Offer to Acquire Beacon Roofing Supply
From Goldman Sachs, Morgan Stanley, Citi, Credit Agricole, Wells Fargo, and Mizuho, among other big financial institutions, QXO has obtained complete finance commitments. These pledges plus QXO's current cash will pay for the whole acquisition price, any required debt refinancing for Beacon, and associated transaction expenses.
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.
QXO says Beacon’s board ‘stalls and misleads’ in letter to shareholders
QXO (QXO) released a letter to Beacon Roofing Supply (BECN) shareholders regarding its $124.25 per share all-cash offer, which read in part,
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 $124.25 per share in cash. Shares of Beacon were up about 1.
Beacon Roofing cut to hold as rival bids to QXO appear unlikely - analyst
Beacon Roofing (NASDAQ:BECN) was to cut to hold from buy at Stifel as a rival strategic bidder to QXO Inc. (QXO) seems unlikely. Beacon shares edged lower by ~1% on Friday. "Though the rejection of QXO’s offer was fully expected,
Beacon Roofing Stock In Focus After Analyst Downgrade Following Rejection Of QXO Buyout Offer: Retail’s Divided
Shares of Beacon Roofing Supply ($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.
Nasdaq4d
QXO, Inc. Responds to Beacon Roofing Supply's Rejection of $124.25 Per Share Acquisition Offer
QXO's tender offer of $124.25 per share represents a 37% premium over Beacon Roofing Supply's recent trading price, highlighting QXO's strong commitment to provide value to shareholders.
Hartford Business4d
CT company doubles down on hostile takeover of Beacon Roofing Supply
Greenwich-based QXO, a publicly traded company in the building products distribution industry launched in June 2024 by ...
Beacon Adopts Poison Pill to Defend Against Hostile QXO Bid
Beacon Roofing Supply Inc. has adopted a poison pill defense as the building products company pushes back against a hostile ...
Nasdaq4d
QXO Urges Beacon Roofing Supply to Let Shareholders Decide on Premium All Cash Offer of $124.25 per Share
GREENWICH, Conn., Feb. 06, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE: QXO) today issued the following statement in response to the announcement by Beacon Roofing Supply, Inc. (Nasdaq: BECN ...
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 ...
American Association of Individual Investors5d
Which Is a Better Investment, JFrog Ltd. or QXO, Inc. Stock?
Learn more about whether JFrog Ltd. or QXO, Inc. is a better investment based on AAII's A+ Investor grades, which compare ...
bovnews5d
QXO’s Latest Twist: What’s Fueling the Unexpected Shifts in QXO Inc’s Stock Price?
QXO Stock Performance and Moving Averages. In recent trading, QXO Inc (QXO) stock price has shown some volatility, fluctuating 5.90% over the last five trades and -7.68% over the ...
The Armenian Reporter5d
Deltec Asset Management LLC Purchases 32,000 Shares of QXO, Inc. (NASDAQ:QXO)
Deltec Asset Management LLC boosted its holdings in shares of QXO, Inc. (NASDAQ:QXO – Free Report) by 320.0% during the 4th quarter, according to the company in its most recent 13F filing with the ...