Jan 27, 2025 · However, Beacon notes that QXO’s offer price remains unchanged from its November 11, 2024 proposal to acquire all of the outstanding shares of the Company for $124.25 per share in cash, which was made public on January 15, 2025. The Board thoroughly evaluated the November 11, 2024 proposal and unanimously rejected it, determining that it ...

1 day ago · Potential Positives. 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 ...

1 day ago · QXO Puts Ball in Beacon’s Court for Deal, Provides Communication Timeline. The language in the latest statements from both sides reiterated the message that each has publicly shared since mid-January. Beacon reiterated that it views QXO’s offer significantly undervalues the roofing and other building materials distributor.

1 day ago · Beacon notes that QXO’s offer price of $124.25 per share in cash remains unchanged from its November 11, 2024 proposal, which was made public on January 15, 2025. Subsequently, the Board ...

Jan 15, 2025 · QXO has proposed to acquire Beacon for $124.25 in cash per share, a compelling price for your shareholders that delivers a significant, immediate premium. QXO has the necessary financial resources, transaction experience and institutional knowledge to consummate the proposed transaction expeditiously and with a high level of certainty upon ...

Jan 27, 2025 · QXO strongly advises all stockholders of Beacon to read the preliminary proxy statement, any amendments or supplements to such proxy statement, and other proxy materials filed by QXO with the SEC ...

Jan 15, 2025 · On Multiple Occasions Beacon Sought Substantive Engagement with QXO to Demonstrate Path to Value; QXO Refused Beacon to Hold Investor Day on March 13, 2025, Where Company Will Provide 2028 Long-Term Financial Targets

Jan 27, 2025 · On Jan. 15, QXO — the building materials distribution platform started in late 2023 by Brad Jacobs — confirmed its November offer to buy Beacon Roofing Supply. Beacon verified, later that day, that its Board of Directors “thoroughly evaluated” and unanimously rejected that “unsolicited, non-binding” proposal from QXO.

GREENWICH, Conn., Jan. 15, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (Nasdaq: QXO) today announced that it has made public a proposal to the Board of Directors of Beacon Roofing Supply, Inc. (Nasdaq:...

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...