Beacon Roofing Supply, Inc. Stock News

Beacon Roofing Supply said on Tuesday it has adopted a limited duration stockholder rights agreement, commonly known as a poison pill, following a hostile takeover bid by QXO.

HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) (the “Company”), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, announced today that its Board of Directors (the “Board”) has unanimously adopted a limited duration stockholder rights agreement (the “Rights Agreement”) to protect stockholder interests and maximize value for...

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Beacon Roofing Supply, Inc. (NASDAQ: BECN) to QXO, Inc. for $124.25 per share is fair to Beacon shareholders. Halper Sadeh encourages Beacon shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sade...

QXO's $11 billion pitch to buy Beacon Roofing touts the company's AI experience, as well as the housing shortage in the United States.

HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) (the “Company”) today confirmed that QXO, Inc. (NYSE: QXO) has commenced an unsolicited tender offer to acquire all outstanding shares of Beacon common stock for $124.25 per share in cash. Consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, the Beacon Board of Directors (the “Board”) wil...

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, announced today that it has awarded five supplier partners with awards for their service commitment in 2024. "We are proud to provide customers with the best products and service. Exceptional partnershi...

HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) (the “Company”) today confirmed that it has previously received and rejected an unsolicited, non-binding proposal from QXO, Inc. (Nasdaq: QXO) to acquire all outstanding shares of the Company for $124.25 per share in cash. QXO's proposal, publicized today, was received on November 11, 2024. Consistent with its fiduciary duties, and in consult...

QXO proposes to acquire Beacon Roofing Supply for $124.25 a share.