Beacon stock closed up 1.9% at $123.83 in early trading, while the S&P 500 dropped 0.2% and Dow Jones Industrial Average was flat. Shares of QXO added 2.9%, closing at $13.43.

QXO is offering $124.25 a share for Beacon (NASDAQ:BECN), according to a statement on Wednesday.The offer represents a 14% premium to BECN's Tuesday closing price and a 37% premium to BECN's 90 ...

GREENWICH, Conn. and HERNDON, Va., March 10, 2025--QXO, Inc. (NYSE: QXO) and Beacon Roofing Supply, Inc. (Nasdaq: BECN) confirmed today that they are in discussions about a potential combination ...

Beacon Roofing Supply, a Herndon-based Fortune 500 roofing material and building supplies company, is now a subsidiary of Connecticut software and tech business QXO after the closing of its $11 ...

Potential Positives. QXO's all-cash tender offer of $124.25 per share represents a 37% premium over Beacon's 90-day unaffected average price, providing significant value to shareholders.

Beacon Roofing Supply's rejection of QXO's $124.25 per share offer raises concerns about QXO's valuation and credibility, suggesting that its bid may not be as compelling as it claims.

Beacon Roofing Supply is negotiating a potential $11 billion buyout from billionaire Brad Jacobs-run QXO , in a complete reversal after it rebuffed an earlier offer and adopted a poison pill to ...

Since November 2022, the S&P 500 stands at approximately 6,205, reflecting a robust 55% gain, driven by strong performances ...

Beacon Roofing Supply Inc. has adopted a poison pill defense as the building products company pushes back against a hostile takeover approach from QXO Inc. Herndon, Va.-based Beacon said in a ...

The boss of QXO knows how to make a few billion dollars, and aims to repeat the trick. Investors would be wise to back him, ...

Truist analyst Keith Hughes echoed this long-term view in his July 1 initiation of coverage on QXO, with a Buy rating and a $30 price target. According to Hughes, QXO’s acquisition of Beacon Roofing ...

QXO appointed a new Chief Information Officer, effective July 14, bringing a decade of senior technology leadership from ...