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 ...

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 ...

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 ...

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 ...

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, ...

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 ...

QXO recently signed a definitive agreement to acquire Beacon Roofing Supply, Inc. for approximately $11 billion, making QXO the second-largest distributor of roofing products in the United States ...

QXO’s Chairman and CEO, Brad Jacobs, expressed enthusiasm for the acquisition, stating that the integration of Beacon’s team will accelerate growth and customer experience improvements. The company ...