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 Launches Tender Offer to Buy Beacon Roofing in $11 Billion Bid
QXO (QXO) announced a tender offer on Monday to buy Beacon Roofing Supply (BECN) in an $11 billion deal, keeping the proposed price unchanged from its initial bid that Beacon rejected saying it "significantly" undervalued the company.
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 after being rebuffed on several occasions. QXO publicly launched a tender offer to acquire Beacon early Monday,
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.
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.
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
Nasdaq3d
QXO, Inc. Reaffirms Commitment to $124.25 Per Share Cash Offer for Beacon Roofing Supply, Inc.
QXO, Inc. has reiterated its commitment to acquiring Beacon Roofing Supply, Inc. for $124.25 per share in a cash tender offer, which represents a significant premium over Beacon's recent trading ...
MarketWatch4d
QXO Confirms Tender Offer to Take Over Beacon Roofing Supply -- Update
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 ...