Beacon Roofing rejects $11 billion takeover bid, stock rises as company seeks potential buyers.

From StockTwits: 2025-01-26 21:20:19

Beacon Roofing Supply rejects an $11 billion takeover bid from QXO Inc. Shares rose 1.62% as Beacon reportedly looks for potential buyers. QXO plans to launch a bid at $124.25 per share in cash, same as earlier offer. Beacon had said the proposal undervalued the company. Sentiment on Stocktwits is neutral with low message volumes. QXO has financing secured and nominated directors to Beacon’s board. Stifel analyst raises price target to $131, sees buyout as “highly likely.” Beacon distributes building products nationwide. Contact newsroom[at]stocktwits[dot]com for updates.



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