Beacon, QXO

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.
QXO goes public with $11 billion bid for Beacon Roofing, threatens proxy fight
QXO, a new player in building products distribution, on Wednesday made public its $11 billion offer to buy Beacon Roofing Supply and threatened a proxy fight after the roofing material supplier rebuffed its overtures.
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 responds.
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 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.
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.
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
Beacon Roofing Supply Rejects QXO's $11B Acquisition Offer -- 2nd Update
QXO, a new player in building-products distribution led by Brad Jacobs, publicly detailed its offer to acquire all outstanding shares of Beacon for $124.25 a share. The deal is valued around $11 billion. Shares of Beacon were up 9% at $118.85 in afternoon trading.
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 unsolicited QXO proposal
EST Beacon (BECN) confirms receipt, reiterates rejection of unsolicited QXO (QXO) proposalStay Ahead of the Market:Discover outperforming
Beacon Roofing Supply Stock Rises as QXO Proposes $11 Billion Cash Takeover
Beacon Roofing Supply stock rose sharply on Wednesday after building-products distributor QXO made an $11 billion cash bid to acquire the company. Shares of Beacon Roofing Supply rose 10% to $120 after QXO announced it had approached the company’s board with a proposal to acquire outstanding shares for $124.
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.
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Beacon confirms receipt, reiterates rejection of QXO proposal
Following its review, the Board unanimously rejected the proposal and determined that it significantly undervalues the ...
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 ...
Final Trades: QXO, Stanley Black & Decker, Healthcare and Applovin
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