Beacon Roofing adopts poison pill

Beacon seeks to fend off QXO's hostile takeover with poison pill
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 strategy creates a roadblock for Jacobs' attempt to become a big player in building products distribution through QXO,
Beacon Adopts Shareholder Rights Deal to Hold Off QXO
As expected, QXO responded immediately following Beacon’s rights agreement announcement, calling the move “shareholder unfriendly” and a “poison pill” aimed at blocking QXO’s all-cash offer, which is set to expire at the end of Feb. 24..
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 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 Commences $11B Takeover Bid for Beacon
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.
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 takeover approach from QXO Inc.
QXO Comments on Beacon Roofing Supply’s Adoption of Shareholder-Unfriendly Poison Pill
Reaffirms Commitment to Acquiring Beacon for $124.25 per Share in CashAll-Cash Offer Provides Significant and Immediate Value to Beacon
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 comments on Beacon’s adoption of shareholder rights plan
QXO (QXO) commented on Beacon Roofing Supply (BECN) adoption of a shareholder rights plan, which takes immediate effect and is aimed at ...
Beacon Roofing Seeks Potential Rivals to QXO Takeover Bid
Beacon Roofing Supply Inc. has started soliciting interest from potential buyers as it looks to fend off an $11 billion ...