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QXO Commences Tender Offer To Acquire Beacon
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 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.
Nasdaq
3d
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 ...
2d
on MSN
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 ...
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