Beacon Adopts Poison Pill

Beacon seeks to fend off QXO's hostile takeover with poison pill
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. The defense strategy creates a roadblock for Jacobs' attempt to become a big player in building products distribution through QXO,
QXO’s Hostile Bid for Beacon Roofing Fuels M&A Optimism
M&A specialists are eyeing a robust list of U.S. takeover candidates, with a buoyant economy, strong buyer appetite and a potentially looser regulatory regime seen driving more deals.
Beacon Adopts Poison Pill to Defend Against Hostile QXO Bid
Beacon Roofing Supply Inc. has adopted a poison pill defense as the building products company pushes back against a hostile takeover approach from QXO Inc.
Beacon Roofing adopts poison pill after QXO's hostile bid
Beacon Roofing Supply said on Tuesday it has adopted a limited duration stockholder rights agreement, commonly known as a poison pill, following a hostile takeover bid by QXO. Beacon is issuing one preferred share purchase right for each outstanding share of its common stock to stockholders by way of a dividend,
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.
QXO Launches Hostile Takeover Bid for Beacon Roofing Supply
QXO Inc. has launched a hostile takeover bid for Beacon Roofing Supply Inc. after the board of the building products company rejected its offer as too low.
Beacon adopts poison pill
Investing.com -- Beacon Roofing Supply announced on Tuesday that its board of directors has adopted a limited-duration stockholder rights agreement, often referred to as a "poison pill," in response to a hostile takeover bid from QXO, Inc.
QXO Commences $11B Takeover Bid for Beacon
Meanwhile, QXO maintains that its offer of $124.25 per share is 17% higher than the Beacon stock has ever traded; represents a 37% premium over the 90-day unaffected stock price; and represents a 26% premium to the stock the day before the Wall Street Journal’s Nov. 18 report that QXO was pursuing a deal.
Beacon Implements Stockholder Rights Plan Following QXO's Takeover Offer
Tuesday announced the adoption of a limited duration stockholder rights agreement following QXO, Inc.'s (QXO) tender offer to acquire the company for $124.25 per share in cash. The agreement intends to protect shareholders of Beacon from anyone seeking to gain control of the company without paying all stockholders an appropriate control premium.
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.
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Beacon Adopts Shareholder Rights Deal to Hold Off QXO
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