Beacon (BECN) announced that its board of directors issued its formal recommendation to shareholders regarding the unsolicited tender offer ...

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) that its ...

Beacon Roofing Supply has officially rejected a hostile takeover approach from QXO, setting the stage for a potentially ...

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.

(Bloomberg) -- 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. US-based QXO said in a ...

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 ...

Tsai Capital, an investment management company, released its fourth quarter investor letter. A copy of the letter can be downloaded here. Tsai Capital celebrated 25 years track record in 2024.

Value the acquisition at over $11 billion as this offer shows a 37 percent premium over Beacon's 90-day volume-weighted average price of $91.02 as of Nov. 15, 2024. Depend on the conditions of the ...

Beacon rejected it, saying the proposal significantly undervalued the company. Beacon urged its shareholders on Monday not to take any action at the time and said it will evaluate QXO's tender ...

QXO intends to complete the acquisition quickly after the tender offer expires in 20 business days, subject to the terms of the offer. In addition, the company reiterated that it plans to pursue ...