2 days ago · (Reuters) -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 ...

2 days ago · The latest salvo between QXO and Beacon in QXO’s takeover attempt is a defensive move that figures to stymie or at least delay QXO’s hostile bid. Roofing and other building materials distributor Beacon announced Jan. 28 that its board of directors unanimously adopted a limited duration shareholder rights agreement that the company said will ...

3 days ago · 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.

1 day ago · On Jan. 28, Beacon’s Board of Directors unanimously adopted a limited-duration stockholder rights agreement — the poison pill — to protect the company (and, ostensibly) its shareholders from QXO, Inc.'s unsolicited $11 billion takeover bid.

GREENWICH, Conn., January 15, 2025 – QXO, Inc. (Nasdaq: QXO) today announced that it has made public a proposal to the Board of Directors of Beacon Roofing Supply, Inc. (Nasdaq: BECN) to acquire all outstanding shares of Beacon for $124.25 per share in cash.

3 days ago · (Reuters) -Billionaire Brad Jacobs on Monday took his QXO $11 billion takeover offer for Beacon Roofing to shareholders, after North America's largest publicly traded distributor of roofing materials repeatedly rebuffed his offer. By reaching out to Beacon shareholders directly, QXO Chief Executive Brad Jacobs effectively bypassed Beacon's board and management. Beacon's shares rose 1% to $119.55.

2 days ago · Potential Positives. QXO's all-cash tender offer of $124.25 per share represents a 37% premium over Beacon's 90-day unaffected average price, providing significant value to shareholders.

Jan 15, 2025 · Tech-forward building products startup QXO is taking its $11 billion takeover offer for roofing company Beacon directly to the company’s shareholders, while accusing the company’s board of...

Jan 15, 2025 · (Reuters) -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...

Jan 15, 2025 · QXO has proposed to acquire Beacon for $124.25 in cash per share, a compelling price for your shareholders that delivers a significant, immediate premium. QXO has the necessary financial resources, transaction experience and institutional knowledge to consummate the proposed transaction expeditiously and with a high level of certainty upon ...