Beacon Roofing (BECN) ALERT: Johnson Fistel Investigates Proposed Sale of Beacon Roofing; Is $124.35 a Fair Price for Shareholders?

Group 1 - Johnson Fistel, PLLP has initiated an investigation into the board members of Beacon Roofing Supply, Inc. regarding potential breaches of fiduciary duties related to the proposed sale to QXO, Inc. [1][3] - Beacon Roofing has signed a definitive merger agreement with QXO, where QXO will acquire all outstanding shares of Beacon Roofing's common stock for $124.35 per share in cash [2]. - The investigation focuses on whether the Beacon Roofing board adequately pursued alternatives to the acquisition and secured the best possible price for shareholders, especially considering a Wall Street analyst's price target of $140 for the stock [3]. Group 2 - Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with a focus on representing individual and institutional investors in securities class action lawsuits [5]. - The firm has been recognized as a top plaintiffs' securities law firm in the United States, having recovered approximately $90.725 million for clients in cases where it served as lead or co-lead counsel [6].