Beacon seeks to fend off QXO's hostile takeover with poison pill January 29, 2025 Billionaire Brad Jacobs on Monday took ... for AI ConocoPhillips CEO Ryan Lance on Tuesday called on the U.S ...

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

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 ...

Beacon Roofing Supply Inc. has adopted a poison pill defense as the building products company pushes back against a hostile ...

(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 ...

The defense strategy creates a roadblock for Jacobs' attempt to become a big player in building products distribution through QXO, which Jacobs created in 2023 by investing about $1 billion in a ...

By Sabrina Valle (Reuters) -Beacon Roofing Supply on Tuesday adopted a poison pill defense to prevent a $11 billion hostile takeover by billionaire entrepreneur Brad Jacobs through his company QXO ...

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 expects that the waiting periods under the Hart-Scott-Rodino Act and the Canadian Competition Act will have expired or been waived by the time the tender offer expires. Brad Jacobs ...

“Our compelling offer would get cash into the hands of Beacon shareholders immediately at a significant premium to the unaffected share price,” Brad Jacobs, chief executive officer of ...

Chairman and chief executive officer of QXO, Brad Jacobs, underlined the immediate financial advantage for Beacon owners. Furthermore, he said, Beacon Roofing Supply fits very well with QXO's ...