4 days ago · QXO strongly advises all stockholders of Beacon to read the preliminary proxy statement, any amendments or supplements to such proxy statement, and other proxy materials filed by QXO with the SEC ...

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 ...

5 days ago · However, Beacon notes that QXO’s offer price remains unchanged from its November 11, 2024 proposal to acquire all of the outstanding shares of the Company for $124.25 per share in cash, which was made public on January 15, 2025. The Board thoroughly evaluated the November 11, 2024 proposal and unanimously rejected it, determining that it ...

4 days ago · Beacon verified, later that day, that its Board of Directors “thoroughly evaluated” and unanimously rejected that “unsolicited, non-binding” proposal from QXO. On Jan. 27, QXO announced a more time-sensitive bid to purchase all outstanding shares of Beacon for approximately $11 billion, which expires in 20 business days.

3 days ago · GuruFocus has detected 3 Warning Sign with QXO. Value the acquisition at over $11 billion as this offer shows a 37 percent premium over Beacon's 90-day volume-weighted average price of $91.02 as ...

5 days ago · GREENWICH, Conn., Jan. 27, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE: QXO) today announced that it is commencing an all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply ...

Jan 15, 2025 · On Multiple Occasions Beacon Sought Substantive Engagement with QXO to Demonstrate Path to Value; QXO Refused Beacon to Hold Investor Day on March 13, 2025, Where Company Will Provide 2028 Long-Term Financial Targets

5 days ago · QXO is commencing an all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply or $124.25 per share. This price implies a 37% premium above Beacon’s 90-day unaffected ...

4 days ago · QXO's offer of $124.25 a share is above the stock's all-time high and a 26% premium on the price of the stock the day before initial media coverage in November of a potential bid for Beacon, QXO said.

Jan 15, 2025 · 26% premium to Beacon’s unaffected price of $98.75 per share (as of November 15, 2024, the last trading day prior to the Wall Street Journal report that QXO had made an offer to acquire Beacon); 37% premium to Beacon’s 90-day unaffected VWAP of $91.02 per share; 17% premium to Beacon’s unaffected all-time high price of $105.84;