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 · 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 ...

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 · On January 27, 2025, QXO commenced a tender offer to purchase all outstanding shares of Beacon for $124.25 per share in cash, for an aggregate enterprise value of approximately $11 billion ...

QXO, last month made public its unsolicited approach for Beacon, which was tabled in November. In a Jan. 15 letter to Beacon’s board, QXO said the target had been trying to frustrate a deal with ...

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 ...

1 day ago · 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.

Jan 15, 2025 · HERNDON, Va.--(BUSINESS WIRE)-- Beacon (Nasdaq: BECN) (the “Company”) today confirmed that it has previously received and rejected an unsolicited, non-binding proposal from QXO, Inc. (Nasdaq: QXO) to acquire all outstanding shares of …

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:...