Beacon Roofing Stock In Focus After Analyst Downgrade Following Rejection Of QXO Buyout Offer: Retail’s Divided
Shares of Beacon Roofing Supply ($BECN) rose about 1.29% on Friday even as the company received a downgrade from analyst firm Stifel, following another rejection of a $11 billion buyout offer from technology solutions company QXO Inc.
Beacon Board of Directors Unanimously Rejects QXO’s Unsolicited Tender Offer
Beacon (Nasdaq: BECN) (the "Company"), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, today announced that its Board of Directors (the "Board") issued its formal recommendation to shareholders regarding the unsolicited tender offer (the "Offer") from QXO,
Beacon Roofing gains on report it's seeking rival offers to QXO bid
Beacon Roofing Supply (BECN) rose 1.7% as it seeks interest from buyers to fend off an $11 billion offer from QXO Inc (QXO).
QXO Confirms Tender Offer to Take Over Beacon Roofing Supply
QXO launched an attempt to acquire Beacon Roofing Supply directly from its shareholders with a tender offer of $124.25 a share.
Beacon Roofing asks shareholders to reject QXO's takeover offer
Beacon Roofing Supply said on Thursday its board had recommended shareholders reject QXO's tender offer to acquire all outstanding shares of the company for $124.25 per share in cash. Shares of Beacon were up about 1.
Beacon Roofing Urges Shareholders to Reject Hostile QXO Bid
Beacon Roofing Supply Inc. has officially rejected a hostile takeover approach from QXO Inc., setting the stage for a potentially protracted battle for control of the building supplies provider.
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's takeover bid for Beacon Roofing faces rejection
GREENWICH, Conn. - QXO, Inc. (NYSE: QXO), a provider of technology solutions primarily for the manufacturing, distribution, and service sectors, with a market capitalization of $5.7 billion and a strong financial health rating according to InvestingPro,
Building-Products Distributor QXO Launching Hostile Bid for Beacon
Building-products distributor QXO is preparing to take its all-cash offer to acquire Beacon Roofing Supply directly to ...
MDM10d
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 ...
Bloomberg L.P.10d
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 ...
Beacon Roofing CEO describes dealings with QXO as takeover bid heats up
Beacon Roofing CEO Julian Francis described communications with a building products distributor looking to acquire his ...
Seeking Alpha8d
BECN Beacon Roofing Supply, Inc.
Beacon Roofing Supply, Inc., together with its subsidiaries, engages in the distribution of residential and non-residential roofing materials, and complementary building products to contractors ...
Bloomberg L.P.13d
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 ...
Wall Street Journal11d
Building-Products Distributor QXO Launches Hostile Bid for Beacon
Building-products distributor QXO QXO-0.97%decrease; red down pointing triangle is taking its all-cash offer to acquire Beacon Roofing Supply BECN-0.67%decrease; red down pointing triangle ...