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QXO extends tender offer for Beacon Roofing

Beacon Roofing/QXO: A Deal Seems Relatively Likely

The merger between Beacon Roofing Supply, Inc. and QXO, Inc. seems likely, ending merger arbitrage opportunities. Click here to read why BECN stock is a Hold.

Reuters on MSN · 1d

Beacon Roofing reverses course on QXO's takeover attempt, weighs $11 billion offer

Beacon Roofing Supply is negotiating a potential $11 billion buyout from billionaire Brad Jacobs-run QXO, in a complete reversal after it rebuffed an earlier offer and adopted a poison pill to stave off a hostile takeover attempt.

Modern Distribution Management · 1d

QXO, Beacon Working Toward $11B Deal

Signaling that both companies are looking to complete a transaction, QXO and Beacon both confirmed March 10 that they are in negotiation talks for QXO to acquire Beacon. QXO and roofing/exterior products distributor Beacon co-announced the news,

Business Wire1d

QXO Extends Tender Offer to Acquire Beacon Roofing Supply

GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) announced today that it is extending its all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (Nasdaq: ...

QXO's Jacobs calls Beacon's claims 'a head-scratcher' as they continue pursuit

CEO and Chairman Brad Jacobs addressed what he described as misleading and inaccurate claims made by takeover target Beacon (NASDAQ:BECN) in a recent press release. The response follows QXO's second ...