QXO, Beacon Roofing Supply

QXO commences $11B tender offer to buy Beacon Roofing Supply
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 Beacon’s 90-day unaffected volume-weighted average price of $91.
QXO Launches $11 Billion Tender Offer to Acquire Beacon Roofing Supply for $124.25 Per Share in Cash
QXO intends to complete the acquisition quickly after the tender offer expires in 20 business days, subject to the terms of the offer. The proposed transaction is not subject to any contingencies related to financing or due diligence.
QXO Confirms Tender Offer to Take Over Beacon Roofing Supply
QXO launched an attempt to acquire Beacon Roofing Supply directly from its shareholders with a tender offer of $124.25 a share.
QXO Initiates $11 Billion Cash Offer to Acquire Beacon Roofing Supply
From Goldman Sachs, Morgan Stanley, Citi, Credit Agricole, Wells Fargo, and Mizuho, among other big financial institutions, QXO has obtained complete finance commitments. These pledges plus QXO's current cash will pay for the whole acquisition price, any required debt refinancing for Beacon, and associated transaction expenses.
QXO Commences Tender Offer To Acquire Beacon; Transaction Enterprise Value At Approx. $11 Bln
QXO, Inc. (QXO) said it is commencing an all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply (BECN) for
QXO Launches Tender Offer to Buy Beacon Roofing in $11 Billion Bid
QXO (QXO) announced a tender offer on Monday to buy Beacon Roofing Supply (BECN) in an $11 billion deal, keeping the proposed price unchanged from its initial bid that Beacon rejected saying it "significantly" undervalued the company.
QXO Comments on Beacon Roofing Supply’s Adoption of Shareholder-Unfriendly Poison Pill
Reaffirms Commitment to Acquiring Beacon for $124.25 per Share in Cash All-Cash Offer Provides Significant and Immediate Value to Beacon Shareholders GREENWICH, Conn., Jan. 28, 2025 (GLOBE NEWSWIRE) -- (NYSE: QXO) today commented on Beacon Roofing Supply,
QXO goes hostile in $11 billion takeover offer to Beacon Roofing
By Sabrina Valle and Anshuman Tripathy (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.
QXO touts AI advantage in bid to win over Beacon Roofing shareholders
QXO’s $11 billion pitch to buy Beacon Roofing touts the company’s AI experience as well as the overall housing shortage in the United States.
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.
QXO takes $11 billion takeover offer to Beacon Roofing shareholders
QXO on Monday took its $11 billion takeover offer for Beacon Roofing to shareholders of the building-products distributor after the company rebuffed its initial approach. Shares of QXO were down 4% in morning trading.
Nasdaq3d
QXO, Inc. Reaffirms Commitment to $124.25 Per Share Cash Offer for Beacon Roofing Supply, Inc.
QXO, Inc. has reiterated its commitment to acquiring Beacon Roofing Supply, Inc. for $124.25 per share in a cash tender offer, which represents a significant premium over Beacon's recent ...
Transport Topics3d
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 ...
MarketWatch4d
QXO Confirms Tender Offer to Take Over Beacon Roofing Supply -- Update
QXO launched an attempt to acquire Beacon Roofing Supply directly from its shareholders with a tender offer of $124.25 a share. The building-products distributor Monday said its offered share ...
Stifel maintains Buy on Beacon Roofing, target at $131
Stifel analysts maintained their Buy rating on Beacon Roofing Supply (NASDAQ:BECN) with a price target of $131.00. Trading at ...