Herndon, Virginia-based Beacon Roofing Supply has rejected an $11 billion hostile takeover bid, saying it undervalues the company. Beacon Roofing, a Fortune 500 company, has grown significantly in recent years through its own acquisitions of smaller building supply companies. It is now the largest publicly-traded building materials company in the country, with an estimated $9.8 billion in 2024 revenue, according to Bloomberg. Greenwich, Connecti…

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Herndon’s Beacon Roofing rejects $11B hostile takeover

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Hubbard Broadcasting

PRESS RELEASE
QXO Proposes to Acquire Beacon Roofing Supply for $124.25 Per Share in Cash
Offers Significant and Immediate Value to Beacon Shareholders with a 37% Premium above
Beacon’s Unaffected 90-Day Share Price
GREENWICH, Conn., January 15, 2025 – QXO, Inc. (Nasdaq: QXO) today announced that it has made public a proposal to the Board of Directors of Beacon Roofing Supply, Inc. (Nasdaq: BECN) to acquire all outstanding shares of Beacon for $…

The Loadstar

Brad Jacobs' QXO proposes to acquire Beacon Roofing Supply valuing target at $11bn - The Loadstar

The letter shares full details of QXO's offer and claims Beacon has intentionally taken actions to "frustrate a transaction."

Modern Distribution Management

QXO Readies Proxy Fight for Beacon, Issues Open Letter to Chairman

The proposal implies a total transaction value of approximately $11 billion and a 37% premium above Beacon’s 90-day unaffected volume-weighted average price of $91.02.

LBM Journal

QXO proposes to acquire Beacon Roofing Supply

Beacon's Board unanimously rejected QXO's unsolicited cash offer, highlighting 200% shareholder returns over five years. Company schedules Investor Day to present 2028 growth targets.

stocktitan.net

Beacon Rejects $124.25 Per Share Takeover Bid from QXO, Cites Significant Undervaluation

Qxo Inc. (NASDAQ: QXO) Makes Bold Move with 37% Premium Offer for Beacon Shareholders In an exciting development for investors, Qxo Inc. has offered a significant acquisition proposal to Beacon shareholders, ensuring immediate value with a 37% premium based on Beacon's unaffected 90-day share price. This news has sent ripples through the stock market, promising a transformative shift in the telecommunications sector. As of the latest reports, Qx…

csimarket.com

#Qxo Inc. Announces Major Acquisition Offer for Beacon Shareholders: 37% Premium on Share Price

Founder presents its case in an impassioned letter to Beacon's board.

Herndon’s Beacon Roofing rejects $11B hostile takeover

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