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QXO, Beacon Roofing Supply
QXO commences $11B tender offer to buy Beacon Roofing Supply
QXO (NYSE:QXO) has commenced an $11B all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply (NASDAQ:BECN) for $124.25 a share. This price implies a 37% premium above Beacon’s 90-day unaffected volume-weighted average price of $91.
QXO Launches $11 Billion Tender Offer to Acquire Beacon Roofing Supply for $124.25 Per Share in Cash
QXO intends to complete the acquisition quickly after the tender offer expires in 20 business days, subject to the terms of the offer. The proposed transaction is not subject to any contingencies related to financing or due diligence.
QXO launches tender offer for Beacon Roofing at premium
QXO on Monday announced its intention to acquire Beacon Roofing Supply (NASDAQ:BECN) through an all-cash tender offer for all outstanding shares at $124.25 each.
Transport Topics
2d
Beacon Adopts Poison Pill to Defend Against Hostile QXO Bid
Beacon Roofing Supply Inc. has adopted a poison pill defense as the building products company pushes back against a hostile ...
MarketWatch
3d
QXO Confirms Tender Offer to Take Over Beacon Roofing Supply
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 ...
1d
on MSN
Stifel maintains Buy on Beacon Roofing, target at $131
Stifel analysts maintained their Buy rating on Beacon Roofing Supply (NASDAQ:BECN) with a price target of $131.00. Trading at ...
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