Beacon Roofing Supply rejects QXO's low tender offer, believing it undervalues the company.

From Nasdaq: 2025-03-04 21:37:49

Beacon Roofing Supply responds to QXO Inc.’s second extension of a $124.25 per share tender offer, calling it opportunistic and undervaluing the company. Beacon has tried to engage with QXO to show the offer’s inadequacy but QXO has refused to receive confidential information. Only 19.12% of shareholders have tendered shares, indicating dissatisfaction with the offer. Beacon remains open to maximizing shareholder value and believes the offer significantly undervalues the company and its growth prospects. Nasdaq, Inc. does not necessarily endorse the author’s opinions.



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