QXO, Beacon

QXO Proposes to Acquire Beacon Roofing Supply for $124.25 Per Share in Cash
Offers Significant and Immediate Value to Beacon Shareholders with a 37% Premium above Beacon’s Unaffected 90-Day Share PriceGREENWICH, Conn., Jan. 15, 2025 (GLOBE NEWSWIRE) -- (Nasdaq: QXO) today announced that it has made public a proposal to the Board of Directors of Beacon Roofing Supply,
Beacon Roofing rejects QXO's $11 billion takeover offer
Beacon Roofing Supply on Wednesday rejected a $11 billion takeover offer from QXO, a new player in the building products distribution industry, saying its proposal "significantly undervalues" the roofing material supplier.
Beacon confirms receipt, reiterates rejection of QXO proposal
Following its review, the Board unanimously rejected the proposal and determined that it significantly undervalues the company and its prospects for growth and future value creation.
QXO Proposes $11 Billion Acquisition of Beacon Roofing Supply; Shares Surge
The stock performance of Beacon Roofing Supply and QXO's offer have attracted notice as QXO aims to penetrate the $800 billion construction goods distribution sector. According to QXO, the purchase fits their approach of using acquisitions and natural expansion to grow.
Beacon Roofing Supply Receives Buy Rating Amid QXO Acquisition Bid
Beacon Roofing Supply (BECN) has received a new Buy rating, initiated by Stifel Nicolaus analyst, W. Andrew Carter.Stay Ahead of the
QXO proposes to acquire Beacon Roofing Supply
The proposal implies a total transaction value of approximately $11 billion and a 37% premium above Beacon’s 90-day unaffected volume-weighted average price of $91.02.
Herndon’s Beacon Roofing rejects $11B hostile takeover
Herndon, Virginia-based Beacon Roofing Supply has rejected an $11 billion hostile takeover bid from QXO, saying it undervalues the company.
Beacon Roofing Supply's Shares Hit All-Time High After Rejecting QXO's $11B Acquisition Offer
Beacon's statement came after the Brad Jacobs-led QXO earlier in the day publicly detailed its offer to acquire all outstanding shares of Beacon for $124.25 a share, valuing the company around $11 billion.
Beacon Roofing jumps after QXO makes $124.25 a share takeover offer (update)
Adds Beacon response. Beacon Roofing (NASDAQ:BECN) soared 10% after QXO Inc. (QXO) offered to buy the building products distributor in a deal valued at about $11 billion. QXO is offering $124.25 a share for Beacon (NASDAQ:BECN),
Beacon Roofing Supply stock retains Hold rating as QXO confirms takeover offer
Truist Securities maintained a Hold rating and a $95.00 price target on Beacon Roofing Supply (NASDAQ:BECN) stock, despite a significant acquisition offer from QXO. According to InvestingPro data, BECN currently trades at $116,
Building-Products Distributor QXO Prepares to Nominate Directors Over Beacon Deal
QXO, a new player in building-products distribution, is turning up the heat in its efforts to acquire Beacon Roofing Supply.
Beacon Roofing may see other takeover interest, Lowe's most compelling - analyst
Beacon Roofing (BECN) could attract more takeover offers after rejecting a $124.25/share bid from QXO Inc., potentially from ...
MDM3d
QXO Readies Proxy Fight for Beacon, Issues Open Letter to Chairman
The letter shares full details of QXO's offer and claims Beacon has intentionally taken actions to "frustrate a transaction." ...
Beacon confirms receipt, reiterates rejection of unsolicited QXO proposal
Beacon (BECN) confirmed that it has previously received and rejected an unsolicited, non-binding proposal from QXO (QXO) to acquire all ...
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Beacon Roofing (BECN) Moves 7.7% Higher: Will This Strength Last?
Beacon Roofing (BECN) saw its shares surge in the last session with trading volume being higher than average. The latest ...