2 days ago · QXO provides technology solutions, primarily to clients in the manufacturing, distribution and service sectors. The company provides consulting and professional services, specialized programming, training and technical support, and develops proprietary software. As a value-added reseller of business application software, QXO offers solutions for accounting, financial reporting, enterprise ...

5 days ago · Beacon Roofing Supply said on Thursday its board had recommended shareholders reject QXO's tender offer to acquire all outstanding shares of the company for $124.25 per share in cash.

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 $124.25 per share in cash.The proposal implies a total transaction value of approximately $11 billion and a 37% premium above Beacon’s 90-day unaffected volume ...

5 days ago · This took the form of Beacon’s Board of Directors unanimously adopting a limited-duration stockholder rights agreement to protect the company and its shareholders from QXO, Inc.'s unsolicited $11 billion takeover bid. The agreement allows one preferred share purchase right for each share of common stock held by stockholders recorded as of Feb. 7.

6 days ago · QXO pushes for Beacon Roofing takeover. The digital technology firm based in Greenwich, Connecticut, launched the tender offer Jan. 27, proposing $124.25 per share. That would be a 37% premium over Beacon’s 90-day average share price. Despite being higher than Beacon Roofing’s shares have ever traded, the company rejected the offer.

Jan 15, 2025 · Tech-forward building products startup QXO is taking its $11 billion takeover offer for roofing company Beacon directly to the company’s shareholders, while accusing the company’s board of...

5 days ago · On Jan. 15, QXO — the building materials distribution platform started in late 2023 by Brad Jacobs — confirmed its November offer to buy Beacon Roofing Supply. Beacon verified, later that day, that its Board of Directors “thoroughly evaluated” and unanimously rejected that “unsolicited, non-binding” proposal from QXO.

Jan 28, 2025 · (Reuters) -Billionaire Brad Jacobs on Monday took his QXO $11 billion takeover offer for Beacon Roofing to shareholders, after North America's largest publicly traded distributor of roofing...

Jan 15, 2025 · Beacon Roofing Supply on Wednesday rejected a $11 billion takeover offer from QXO , a new player in the building products distribution industry, saying its proposal "significantly undervalues"...

Jan 28, 2025 · Beacon Roofing Supply on Tuesday adopted a poison pill defense to prevent a $11 billion hostile takeover by billionaire entrepreneur Brad Jacobs through his company QXO .