Beacon Roofing Supply Stock Rises as QXO Proposes $11 Billion Cash Takeover
Beacon Roofing Supply stock rose sharply on Wednesday after building-products distributor QXO made an $11 billion cash bid to acquire the company. Shares of Beacon Roofing Supply rose 10% to $120 after QXO announced it had approached the company’s board with a proposal to acquire outstanding shares for $124.
Beacon Roofing rejects QXO's $11 billion takeover offer
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" the roofing material supplier.
Beacon Roofing jumps after QXO makes $124.25 a share takeover offer (update)
The takeover approach comes after the WSJ reported in November that QXO was bidding for Beacon ( NASDAQ: BECN ). Beacon shares jumped 10% on Nov. 18 after the report. QXO's offer represents a 26% premium to BECN's share price the day before the article was published.
Beacon Roofing Supply's Shares Hit All-Time High After Rejecting QXO's $11B Acquisition Offer
Shares of Beacon Roofing Supply surged to an all-time high after rejecting an acquisition offer from building-products distribution company QXO. The stock was trading 8.9% higher, at $118.53, on Wednesday afternoon,
QXO Proposes to Acquire Beacon Roofing Supply for $124.25 Per Share in Cash
(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.
FOX Sports Reveals Special Super Bowl LIX Coverage ‘Takeover’
Studio Show Lineup Brings Its Extensive Coverage of the Big Game to FOX FOX Sports Unveils Super Bowl Sunday Takeover of Tubi ...
Dolly Varden Silver: An Interesting Potential Takeover Target
Dolly Varden Silver has a market cap of $215 million, with significant silver and gold resources, but no dividend. Click here ...
SEC Sues Musk for 'Underpaying' for Twitter Stock Amid Takeover
The Securities and Exchange Commission sued Tesla CEO Elon Musk for allegedly delaying a disclosure of a stake in ...
Possible takeover bid for US Steel reported
United States Steel Corp. shares rose Monday after cable financial news channel CNBC reported that Cleveland-Cliffs Inc. and ...
CPS on the ‘financial brink’ and state takeover shouldn’t be out of the question, Civic Federation report says
Chicago Public Schools is on the financial brink and the state should consider taking over, according to budget watchdog ...
High Court approves Carlsberg's J20 maker takeover
Carlsberg's £3.3bn deal to buy J2O maker Britvic has been approved by a High Court judge. The Danish brewery, which also owns ...
Organizers charged after street takeover on I-95 in New Haven
Four people are accused of orchestrating a street takeover on Interstate 95 Sunday afternoon, according to state police. The ...
Lawyers for troubled Pa. water company ask court to force a takeover
Lawyers have asked a Centre County court to intervene and allow a municipal-run water authority to take over the operations ...