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QXO Comments on Beacon Roofing Supply's Adoption of Shareholder-Unfriendly Poison Pill
BECNBeacon Roofing Supply(BECN) Newsfilter·2025-01-28 13:14

Reaffirms Commitment to Acquiring Beacon for 124.25perShareinCashAll−CashOfferProvidesSignificantandImmediateValuetoBeaconShareholdersGREENWICH,Conn.,Jan.28,2025(GLOBENEWSWIRE)−−QXO,Inc.(NYSE:QXO)todaycommentedonBeaconRoofingSupply,Inc.′s(NASDAQ:BECN)adoptionofashareholderrightsplan,whichtakesimmediateeffectandisaimedatblockingQXO′sall−cashtenderoffertoacquirealloutstandingsharesofBeaconfor124.25 per Share in Cash All-Cash Offer Provides Significant and Immediate Value to Beacon Shareholders GREENWICH, Conn., Jan. 28, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE:QXO) today commented on Beacon Roofing Supply, Inc.'s (NASDAQ:BECN) adoption of a shareholder rights plan, which takes immediate effect and is aimed at blocking QXO's all-cash tender offer to acquire all outstanding shares of Beacon for 124.25 per share. "We launched our all-cash tender offe ...