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QXO, Beacon
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.
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.
2d
on MSN
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.
MDM
1d
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." ...
2d
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 ...
2d
on MSN
Final Trades: QXO, Stanley Black & Decker, Healthcare and Applovin
U.S., Arab and Israeli officials all tell CBS News that Israel and Hamas have agreed in principle to a ceasefire and ...
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