QXO is planning a hostile bid for Beacon Roofing at $124.25 per share.

From Investing.com: 2025-01-26 20:21:32

Building products distributor QXO Inc is planning a hostile bid for Beacon Roofing Supply Inc, offering shareholders $124.25 per share, valuing Beacon at $7.7 billion. QXO had previously bid for Beacon in November 2024, which was rejected. The move comes after repeated rebuffs by Beacon, with QXO securing funding for the deal.



Read more at Investing.com: QXO planning to launch hostile bid for Beacon Roofing- WSJ By Investing.com