Sold Shares Well Below Offer Price, Undermining Beacon’s Case Against QXOQXO Calls on Beacon Roofing to Let Shareholders ...

QXO intends to complete the acquisition quickly after the tender offer expires in 20 business days, subject to the terms of the offer. The proposed transaction is not subject to any contingencies ...

Shares of QXO fell about 4.5% in afternoon trade, while Beacon Roofing Supply's rose 0.9% "Our compelling offer would get cash into the hands of Beacon shareholders immediately at a significant ...

Beacon (Nasdaq: BECN) (the "Company"), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, today announced that its Board of Directors ...

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 shareholders.

QXO, Inc. (NYSE: QXO) today issued the following statement in response to the announcement by Beacon Roofing Supply, Inc.

Beacon Roofing ( NASDAQ: BECN) was to cut to hold from buy at Stifel as a rival strategic bidder to QXO Inc. ( QXO) seems unlikely. Beacon shares edged lower by ~1% on Friday.

Feb 6 (Reuters) - Beacon Roofing Supply (BECN.O), opens new tab said on Thursday its board had recommended shareholders reject QXO's (QXO.N), opens new tab tender offer to acquire all outstanding ...

Accordingly, the Board unanimously recommends that shareholders not tender into the Offer. “QXO has failed to improve its first and only proposal, which the Board determined significantly ...

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 ...

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 ...