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QXO, Beacon
Beacon Roofing Stock In Focus After Analyst Downgrade Following Rejection Of QXO Buyout Offer: Retail’s Divided
Shares of Beacon Roofing Supply ($BECN) rose about 1.29% on Friday even as the company received a downgrade from analyst firm Stifel, following another rejection of a $11 billion buyout offer from technology solutions company QXO Inc.
Beacon Roofing Rejects Hostile QXO Bid
Beacon Roofing Supply has officially rejected a hostile takeover approach from QXO, setting the stage for a potentially protracted battle for control of the building supplies provider.
Beacon Roofing CEO describes dealings with QXO as takeover bid heats up
Beacon Roofing CEO Julian Francis described communications with a building products distributor looking to acquire his company.
Bloomberg L.P.
10d
QXO Launches Hostile Takeover Bid for Beacon Roofing Supply
QXO
Inc. has launched a hostile
takeover
bid for Beacon Roofing Supply Inc. after the board of the building products ...
MDM
10d
QXO Commences $11B Takeover Bid for Beacon
Meanwhile, QXO maintains that its offer of $124.25 per share is 17% higher than the Beacon stock has ever traded; represents ...
Reuters
11d
QXO goes hostile in $11 billion takeover offer to Beacon Roofing
RBC Capital Markets analyst Michael Dahl said shareholders seem supportive of a
takeover
for the proposed ... Dahl says, Beacon and
QXO
are more likely than not to reach a deal.
Bloomberg L.P.
13d
Beacon Roofing Seeks Potential Rivals to QXO Takeover Bid
Beacon Roofing Supply Inc. has started soliciting interest from potential buyers as it looks to fend off an $11 billion ...
14h
Beacon downgraded to Hold from Buy at Stifel
Stifel downgraded Beacon (BECN) to Hold from Buy with a price target of $122.55, down from $131, following the company’s formal rejection of ...
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