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 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.
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. "QXO has failed to improve its first and only proposal,
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 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 seeks to fend off QXO's hostile takeover with poison pill
Beacon Roofing Supply on Tuesday adopted a poison pill defense to prevent a $11 billion hostile takeover by billionaire ...
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QXO goes hostile in $11 billion takeover offer to Beacon Roofing
Its shareholders have until Feb. 24 to tender shares, unless QXO extends the offer and waives conditions. Jacobs said he plans to close the deal right after the tender period expires. Jacobs met ...
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Building-Products Distributor QXO Launches Hostile Bid for Beacon
Brad Jacobs is the chief executive officer of QXO. - Jeenah Moon/Bloomberg News Building-products distributor QXO is taking its all-cash offer to acquire Beacon Roofing Supply directly to ...
QXO's takeover bid for Beacon Roofing faces rejection
GREENWICH, Conn. - QXO, Inc. (NYSE: QXO), a provider of technology solutions primarily for the manufacturing, distribution, and service sectors, with a market capitalization of $5.7 billion and a ...