Beacon seeks to fend off QXO's hostile takeover with poison pill
3 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 …
Beacon Adopts Shareholder Rights Deal to Hold Off QXO
3 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 …
QXO Commences $11B Takeover Bid for Beacon
4 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 …
Latest: Beacon Downs Hemlock to Block QXO's Hostile Takeover
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 …
QXO goes hostile in $11 billion takeover offer to Beacon Roofing
4 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 …
QXO Takes $11 Billion Deal for Beacon Roofing Straight to …
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 …
QXO, Inc. Reaffirms Commitment to $124.25 Per Share Cash Offer …
3 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 …
QXO Makes $11 Billion Cash Offer to Acquire Beacon
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 …
Beacon Roofing Rejects QXO's $11 Billion Takeover Offer - U.S.
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 …
Beacon Roofing CEO describes dealings with QXO as takeover bid …
4 days ago · Beacon Roofing has rebuffed a few takeover offers from QXO, and on Monday the latter announced it gave an offer directly to shareholders for $124.25 in cash.