Beacon Roofing Supply stock rises as QXO extends deadline for $11B offer

From Stocktwits: 2025-03-18 04:52:27

QXO secures $830 million in equity raise for buyout offer, extending all-cash tender buyout offer for Beacon Roofing Supply (BECN). Closing of equity raise contingent on tender offer closure, extended until March 18. 11,293,572 shares tendered, representing 18.34% of Beacon’s outstanding shares. QXO launched tender offer for $11 billion to purchase all Beacon shares at $124.25 each. Beacon board rejects bid, Stifel downgrades to ‘Hold’. QXO plans to nominate directors at annual meeting. Stocktwits sentiment bullish, message volume high. Beacon stock up 18% YTD. Email for updates/corrections.



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