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 Initiates $11 Billion Cash Offer to Acquire Beacon Roofing Supply
From Goldman Sachs, Morgan Stanley, Citi, Credit Agricole, Wells Fargo, and Mizuho, among other big financial institutions, QXO has obtained complete finance commitments. These pledges plus QXO's current cash will pay for the whole acquisition price, any required debt refinancing for Beacon, and associated transaction expenses.
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 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.
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.
QXO Comments on Beacon Roofing Supply’s Adoption of Shareholder-Unfriendly Poison Pill
Reaffirms Commitment to Acquiring Beacon for $124.25 per Share in CashAll-Cash Offer Provides Significant and Immediate Value to Beacon
Beacon Adopts Shareholder Rights Deal to Hold Off QXO
As expected, QXO responded immediately following Beacon’s rights agreement announcement, calling the move “shareholder unfriendly” and a “poison pill” aimed at blocking QXO’s all-cash offer, which is set to expire at the end of Feb. 24..
Tech Service Provider QXO Launches $11B Cash Bid For Beacon Roofing
QXO, Inc. (NYSE: QXO) has proposed an all-cash tender offer of $124.25 per share for Beacon Roofing Supply, Inc. (NASDAQ: BECN), valuing the transaction at approximately $11 billion.
Beacon Seeks to Fend off QXO's Hostile Takeover With Poison Pill
(Reuters) - Beacon Roofing Supply said on Tuesday it has adopted a limited duration stockholder rights agreement, commonly known as a poison pill, following a hostile takeover bid by QXO.
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 takeover approach from QXO Inc.
Building-Products Distributor QXO Launches Hostile Bid for Beacon
Building-products distributor QXO is taking its all-cash offer to acquire Beacon Roofing Supply directly to shareholders ...
Beacon Comments on QXO’s Unsolicited Tender Offer
Beacon (Nasdaq: BECN) (the "Company") today confirmed that QXO, Inc. (NYSE: QXO) has commenced an unsolicited tender offer to acquire all outstanding shares of Beacon common stock for $124.25 per ...