Beacon Comments on QXO’s Unsolicited Tender Offer
Jan 27, 2025 · 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 ...
QXO Urges Beacon to Let Shareholders Decide on Offer After …
15 hours ago · QXO Puts Ball in Beacon’s Court for Deal, Provides Communication Timeline. The language in the latest statements from both sides reiterated the message that each has publicly shared since mid-January. Beacon reiterated that it views QXO’s offer significantly undervalues the roofing and other building materials distributor.
Beacon Board of Directors Unanimously Rejects QXO’s Unsolicited …
19 hours ago · Beacon notes that QXO’s offer price of $124.25 per share in cash remains unchanged from its November 11, 2024 proposal, which was made public on January 15, 2025. Subsequently, the Board ...
QXO Urges Beacon Roofing Supply to Let Shareholders Decide on …
16 hours ago · On January 27, 2025, QXO commenced a tender offer to purchase all outstanding shares of Beacon for $124.25 per share in cash, for an aggregate enterprise value of approximately $11 billion ...
Beacon Once Again Rejects $11-Billion Buyout from QXO
15 hours ago · In the latest back-and-forth between Beacon and QXO, the distributor's Board of Directors issued a formal recommendation to its shareholders to reject QXO's offer, officially solidifying its stance that the $11-billion acquisition undervalues the company.. In what has become a public tête-à-tête between the companies, the decision arrived one day before the …
Beacon Roofing asks shareholders to reject QXO's takeover offer
18 hours ago · Shares of Beacon were up about 1.8% in morning trade. "QXO has failed to improve its first and only proposal, which the Board determined significantly undervalues the company and our prospects for growth and value creation," Beacon's board chair Stuart Randle said in a statement. The roofing solutions provider had previously adopted a poison pill to …
Beacon Roofing Rejects Hostile QXO Bid - TT
14 hours ago · QXO last month made public its unsolicited approach for Beacon, which was tabled in November. In a Jan. 15 letter to Beacon’s board, QXO said the target had been trying to frustrate a deal with ...
QXO | QXO Proposes to Acquire Beacon Roofing Supply for …
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 ...
Beacon Roofing Supply, Inc. - Beacon Confirms Receipt and …
Jan 15, 2025 · HERNDON, Va.--(BUSINESS WIRE)-- Beacon (Nasdaq: BECN) (the “Company”) today confirmed that it has previously received and rejected an unsolicited, non-binding proposal from QXO, Inc. (Nasdaq: QXO) to acquire all outstanding shares of …
Beacon confirms receipt, reiterates rejection of QXO proposal
Jan 16, 2025 · Beacon confirmed that it has previously received and rejected an unsolicited, non-binding proposal from QXO, Inc. to acquire all outstanding shares of the Company for $124.25 per share in cash. QXO’s proposal was received on Nov. 11, 2024.
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