Articles Tagged with ''QXO''

QXO increases pressure on Beacon's board of directors as the takeover deadline nears, offering a 37% premium; Beacon remains opposed, but with no competing bids, shareholders may decide the company's future.

Beacon's board submitted a unanimous recommendation to its shareholders to reject QXO's offer to acquire all outstanding shares at $124.25 per share in cash.

Beacon Building Supply adopted a 'poison pill' defense after QXO took its $11B offer directly to shareholders; the move by Beacon allows shareholders to dilute QXO’s stake if it acquires 15% or more. Discover the latest moves.

QXO set a Feb. 24 deadline for its $124.25/share bid for Beacon, but analysts value BECN at $130–$136, suggesting upside potential. A higher offer or strategic alternatives may better serve shareholders.

QXO, Inc.'s $11B offer to acquire Beacon was rejected as “undervalued.” The high-stakes bid could reshape the building materials sector with a looming proxy fight possible. Who will prevail in this corporate chess match?

QXO, Inc. publicly offered to acquire Beacon for $124.25 per share in cash, valuing the deal at $11 billion — 37% above Beacon’s 90-day average price — and is seeking shareholder consideration.

As 2024 comes to a close, find out which stories caught the attention of readers like you the most from the past year.

The potential QXO acquisition of Beacon Roofing Supply could transform the roofing materials market, leveraging undervaluation, AI, and operational synergies to drive growth.

QXO, the start-up led by Brad Jacobs with nearly $5B in cash reserves, reportedly offered to acquire Beacon Roofing Supply, sending Beacon’s stock to a 52-week high.

QXO appoints Ashwin Rao as Chief AI Officer to lead AI integration in demand forecasting, inventory, and e-commerce, aiming to make QXO a tech leader in building products distribution.