QXO Inc. has launched a hostile takeover bid for Beacon Roofing Supply Inc. after the board of the building products company rejected its offer as too low. US-based QXO said in a statement on ...
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 ...
QXO Inc. is putting forth a slate to replace Beacon Roofing Supply Inc.’s board of directors after its takeover offer was ...
RBC Capital Markets analyst Michael Dahl said shareholders seem supportive of a takeover for the proposed ... Dahl says, Beacon and QXO are more likely than not to reach a deal.
QXO — a building materials distribution and technology platform formed in late 2023 and officially launched last year — said ...
Anticipating no competition from other potential buyers, Jacobs on Monday bypassed Beacon's board and management refusal by taking QXO's $11 billion takeover offer directly to Beacon shareholders.
Beacon Roofing has rebuffed a few takeover offers from QXO, and on Monday the latter announced it gave an offer directly to shareholders for $124.25 in cash. "I'm not going to speculate on what ...
QXO launched an attempt to acquire Beacon Roofing Supply directly from its shareholders with a tender offer of $124.25 a share. The building-products distributor Monday said its offered share ...
By Sabrina Valle (Reuters) -Beacon Roofing Supply on Tuesday adopted a poison pill defense to prevent a $11 billion hostile takeover by billionaire entrepreneur Brad Jacobs through his company QXO ...
(Reuters) -Billionaire Brad Jacobs on Monday took his QXO $11 billion takeover offer for Beacon Roofing to shareholders, after North America's largest publicly traded distributor of roofing materials ...