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.

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 ...

In other recent news, QXO has launched an all-cash tender offer for Beacon Roofing Supply, offering $124.25 per share, representing a 37% premium and valuing the transaction at approximately $11 ...

QXO, Inc. today announced it has completed its previously disclosed acquisition of Beacon Roofing Supply, Inc., for $124.35 per share, valuing the transaction at approximately $11 billion. The ...

On January 27, 2025, QXO commenced an all-cash tender offer to acquire all of the outstanding shares of Beacon. QXO today announced that it has extended its current tender offer to expire at 5:00 ...

The battle for control of Beacon, which has been ongoing since November, accelerated this year after QXO went hostile with its offer of $124.25 a share.

Despite QXO's offer of $124.25 per share in cash, Beacon rejected the proposal, stating that it undervalues the company. Beacon's shares were trading flat at $116.85 on Friday, with a market value ...

Investing.com -- Shares of Beacon (NASDAQ:BECN) surged 8% in pre-open trading Monday following the announcement of now 'friendly' discussions with QXO Inc (NYSE:QXO) about a potential acquisition.

Billionaire Brad Jacobs' new building-products distributor QXO made an offer on Wednesday to acquire GMS for about $5 billion in cash and said it will proceed with a hostile takeover if the company's ...

GREENWICH, Conn., Feb. 06, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE: QXO) today issued the following statement in response to the announcement by Beacon Roofing Supply, Inc. (Nasdaq: BECN) that ...

Beacon Roofing Supply has started soliciting interest from potential buyers as it looks to fend off an $11 billion takeover bid from rival QXO Inc., people familiar with the matter said.

QXO, a new player in building-products distribution, is turning up the heat in its efforts to acquire Beacon Roofing Supply. The details QXO published a letter Wednesday detailing its cash offer ...