Items Tagged with 'Beacon Roofing Supply '

Beacon's board of directors has entered into preliminary discussions for QXO to acquire all outstanding Beacon shares at $124.35 per share following months of a hostile takeover threat.

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.

Pelican Roofing founder George Boudreaux built the company’s reputation on trust, transparency, and quality work. With a new business partner, Nathan Rath, the company positions itself for accelerated growth.

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.

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.