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

GREENWICH, Conn., Feb. 06, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE: QXO) today issued the following statement in response to the announcement by Beacon Roofing Supply, Inc. (Nasdaq: BECN) that its ...

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 ...

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.

Shares of Beacon were up about 1.8% in morning trade. "QXO has failed to improve its first and only proposal, which the Board determined significantly undervalues the company and our prospects for ...

Feb. 06, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE: QXO) today issued the following statement in response to the announcement by Beacon Roofing ... offer. On January 27, 2025, QXO commenced a ...

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.

QXO (NYSE:QXO) has commenced an $11B all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply (NASDAQ:BECN) for $124.25 a share. This price implies a 37% premium above ...

QXO launched an attempt to acquire Beacon Roofing Supply directly from its shareholders with a tender offer of $124.25 a share.

QXO's tender offer will be outstanding until 12:00 midnight ... Inc. (“QXO”) and Beacon Roofing Supply, Inc. (“Beacon”), including the possibility that the parties will not agree to ...

From Goldman Sachs, Morgan Stanley, Citi, Credit Agricole, Wells Fargo, and Mizuho, among other big financial institutions, ...