Beacon, QXO

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 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 Implements Stockholder Rights Plan Following QXO's Takeover Offer
Tuesday announced the adoption of a limited duration stockholder rights agreement following QXO, Inc.'s (QXO) tender offer to acquire the company for $124.25 per share in cash. The agreement intends to protect shareholders of Beacon from anyone seeking to gain control of the company without paying all stockholders an appropriate control premium.
Beacon Roofing Solicits Bids to Fend Off Brad Jacobs' QXO
Beacon Roofing Supply has started soliciting interest from potential buyers as it looks to fend off an $11 billion takeover bid from rival QXO Inc., people familiar with the matter said.
Beacon Roofing rejects QXO's $11 billion takeover offer
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 undervalues" the roofing material supplier.
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 takeover bid from rival QXO Inc., people familiar with the matter said.
QXO’s Hostile Bid for Beacon Roofing Fuels M&A Optimism
M&A specialists are eyeing a robust list of U.S. takeover candidates, with a buoyant economy, strong buyer appetite and a potentially looser regulatory regime seen driving more deals.
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 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.
MDM3d
Beacon Adopts Shareholder Rights Deal to Hold Off QXO
As expected, QXO responded immediately following Beacon’s rights agreement announcement, calling the move “shareholder ...
Beacon Roofing may see other takeover interest, Lowe's most compelling - analyst
Beacon Roofing (BECN) could attract more takeover offers after rejecting a $124.25/share bid from QXO Inc., potentially from ...
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.