2 days ago · Yet, Beacon compares QXO’s offer to share price metrics as of January 14, 2025—a misleading approach that distorts expectations of Beacon’s standalone value. A more appropriate analysis shows that QXO’s offer represents: A 37% premium to Beacon’s 90-day unaffected VWAP of $91.02 per share as of November 15, 2024;

‍ GREENWICH, Conn., January 27, 2025 – QXO, Inc. (NYSE: QXO) today announced that it is commencing an all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (Nasdaq: BECN) for $124.25 per share.

Jan 27, 2025 · However, Beacon notes that QXO’s offer price remains unchanged from its November 11, 2024 proposal to acquire all of the outstanding shares of the Company for $124.25 per share in cash, which was made public on January 15, 2025. The Board thoroughly evaluated the November 11, 2024 proposal and unanimously rejected it, determining that it ...

Jan 15, 2025 · HERNDON, Va.--(BUSINESS WIRE)-- Beacon (Nasdaq: BECN) (the “Company”) today confirmed that it has previously received and rejected an unsolicited, non-binding proposal from QXO, Inc. (Nasdaq: QXO) to acquire all outstanding shares of …

GREENWICH, Conn., Jan. 15, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (Nasdaq: QXO) today announced that it has made public a proposal to the Board of Directors of Beacon Roofing Supply, Inc. (Nasdaq:...

5 days ago · Beacon notes that QXO’s offer price of $124.25 per share in cash remains unchanged from its November 11, 2024 proposal, which was made public on January 15, 2025. Subsequently, the Board ...

5 days ago · QXO Puts Ball in Beacon’s Court for Deal, Provides Communication Timeline. The language in the latest statements from both sides reiterated the message that each has publicly shared since mid-January. Beacon reiterated that it views QXO’s offer significantly undervalues the roofing and other building materials distributor.

5 days ago · In the latest back-and-forth between Beacon and QXO, the distributor's Board of Directors issued a formal recommendation to its shareholders to reject QXO's unsolicited offer, officially solidifying its stance that the $11-billion acquisition undervalues the company.. In what has become a public tête-à-tête between the companies, the decision arrived one day before the Feb. 7 deadline set ...

1 day ago · A more appropriate analysis shows that QXO’s offer represents: A 37% premium to Beacon’s 90-day unaffected VWAP of $91.02 per share as of November 15, 2024; A 26% premium to Beacon’s ...

Jan 15, 2025 · Tech-forward building products startup QXO is taking its $11 billion takeover offer for roofing company Beacon directly to the company’s shareholders, while accusing the company’s board of...