QXO, Beacon and Roofing

QXO Proposes $11 Billion Acquisition of Beacon Roofing Supply; Shares Surge
The stock performance of Beacon Roofing Supply and QXO's offer have attracted notice as QXO aims to penetrate the $800 billion construction goods distribution sector. According to QXO, the purchase fits their approach of using acquisitions and natural expansion to grow.
QXO goes public with $11 billion bid for Beacon Roofing, threatens proxy fight
QXO, a new player in building products distribution, on Wednesday made public its $11 billion offer to buy Beacon Roofing Supply and threatened a proxy fight after the roofing material supplier rebuffed its overtures.
Beacon Roofing Supply's Shares Hit All-Time High After Rejecting QXO's $11B Acquisition Offer
Beacon's statement came after the Brad Jacobs-led QXO earlier in the day publicly detailed its offer to acquire all outstanding shares of Beacon for $124.25 a share, valuing the company around $11 billion.
QXO Proposes to Acquire Beacon Roofing Supply for $124.25 Per Share in Cash
Offers Significant and Immediate Value to Beacon Shareholders with a 37% Premium above Beacon’s Unaffected 90-Day Share PriceGREENWICH, Conn., Jan. 15, 2025 (GLOBE NEWSWIRE) -- (Nasdaq: QXO) today announced that it has made public a proposal to the Board of Directors of Beacon Roofing Supply,
Beacon Roofing Supply Receives Buy Rating Amid QXO Acquisition Bid
Beacon Roofing Supply (BECN) has received a new Buy rating, initiated by Stifel Nicolaus analyst, W. Andrew Carter.Stay Ahead of the
Herndon’s Beacon Roofing rejects $11B hostile takeover
Herndon, Virginia-based Beacon Roofing Supply has rejected an $11 billion hostile takeover bid from QXO, saying it undervalues the company.
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 Supply Stock Rises as QXO Proposes $11 Billion Cash Takeover
Beacon Roofing Supply stock rose sharply on Wednesday after building-products distributor QXO made an $11 billion cash bid to acquire the company. Shares of Beacon Roofing Supply rose 10% to $120 after QXO announced it had approached the company’s board with a proposal to acquire outstanding shares for $124.
Beacon Roofing Supply stock retains Hold rating as QXO confirms takeover offer
Truist Securities maintained a Hold rating and a $95.00 price target on Beacon Roofing Supply (NASDAQ:BECN) stock, despite a significant acquisition offer from QXO. According to InvestingPro data, BECN currently trades at $116,
Beacon Roofing Rejects $11 Billion Buyout Bid: Retail Sentiment Rallies In Support
Shares of Beacon Roofing Supply ($BECN) slipped 0.23% in after-hours trading on Wednesday after surging more than 7% earlier in the day as the company rejected an $11 billion takeover bid from QXO Inc.
Beacon Roofing jumps after QXO makes $124.25 a share takeover offer (update)
Adds Beacon response. Beacon Roofing (NASDAQ:BECN) soared 10% after QXO Inc. (QXO) offered to buy the building products distributor in a deal valued at about $11 billion. QXO is offering $124.25 a share for Beacon (NASDAQ:BECN),
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 ...
Building-Products Distributor QXO Prepares to Nominate Directors Over Beacon Deal
QXO, a new player in building-products distribution, is turning up the heat in its efforts to acquire Beacon Roofing Supply.
Reuters5d
Beacon Roofing rejects QXO's $11 bln takeover offer
Jan 15 (Reuters) - Beacon Roofing Supply (BECN.O), opens new tab on Wednesday rejected a $11 billion takeover offer from QXO (QXO.O), opens new tab, a new player in the building products ...
Nasdaq4d
QXO, Inc. Proposes $11 Billion Acquisition of Beacon Roofing Supply, Inc. at $124.25 Per Share
QXO proposes to acquire Beacon Roofing Supply for $124.25 per share, valuing the deal at $11 billion. QXO, Inc. has submitted a proposal to acquire Beacon Roofing Supply, Inc. for $124.25 per ...
Beacon confirms receipt, reiterates rejection of unsolicited QXO proposal
EST Beacon (BECN) confirms receipt, reiterates rejection of unsolicited QXO (QXO) proposalStay Ahead of the Market:Discover outperforming ...
Final Trades: QXO, Stanley Black & Decker, Healthcare and Applovin
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