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QXO Commences Tender Offer To Acquire Beacon
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 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.
MarketWatch
4d
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 ...
2d
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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