Beacon Roofing cut to hold

With No Competing Offers, Beacon Roofing’s Board Stalls and Misleads
Sold Shares Well Below Offer Price, Undermining Beacon’s Case Against QXOQXO Calls on Beacon Roofing to Let Shareholders
QXO Urges Beacon Roofing Supply to Let Shareholders Decide on Premium All Cash Offer of $124.25 per Share
GREENWICH, Conn., Feb. 06, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE: QXO) today issued the following statement in response to the announcement by Beacon Roofing Supply, Inc. (Nasdaq: BECN ...
Beacon Roofing asks shareholders to reject QXO's takeover offer
Beacon Roofing Supply said on Thursday its board had recommended shareholders reject QXO's tender offer to acquire all outstanding shares of the company for $124.25 per share in cash. Shares of Beacon were up about 1.
Beacon Roofing Urges Shareholders to Reject Hostile QXO Bid
Beacon Roofing Supply Inc. has officially rejected a hostile takeover approach from QXO Inc., setting the stage for a potentially protracted battle for control of the building supplies provider.
Beacon Roofing cut to hold as rival bids to QXO appear unlikely - analyst
Beacon Roofing (NASDAQ:BECN) was to cut to hold from buy at Stifel as a rival strategic bidder to QXO Inc. (QXO) seems unlikely. Beacon shares edged lower by ~1% on Friday. "Though the rejection of QXO’s offer was fully expected,
Beacon Roofing Stock In Focus After Analyst Downgrade Following Rejection Of QXO Buyout Offer: Retail’s Divided
Shares of Beacon Roofing Supply ($BECN) rose about 1.29% on Friday even as the company received a downgrade from analyst firm Stifel, following another rejection of a $11 billion buyout offer from technology solutions company QXO Inc.
QXO's takeover bid for Beacon Roofing faces rejection
GREENWICH, Conn. - QXO, Inc. (NYSE: QXO), a provider of technology solutions primarily for the manufacturing, distribution, and service sectors, with a market capitalization of $5.7 billion and a strong financial health rating according to InvestingPro,
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Beacon Roofing Rejects Hostile QXO Bid
Beacon Roofing Supply has officially rejected a hostile takeover approach from QXO, setting the stage for a potentially ...
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CT company doubles down on hostile takeover of Beacon Roofing Supply
Greenwich-based QXO, a publicly traded company in the building products distribution industry launched in June 2024 by ...
Beacon Roofing Supply (NASDAQ:BECN) Coverage Initiated at StockNews.com
StockNews.com began coverage on shares of Beacon Roofing Supply (NASDAQ:BECN – Free Report) in a report released on Wednesday morning. The firm issued a sell rating on the stock. A number of other ...
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Stifel Downgrades Beacon Roofing Supply (BECN)
Fintel reports that on February 7, 2025, Stifel downgraded their outlook for Beacon Roofing Supply (NasdaqGS:BECN) from Buy ...
Beacon Roofing Supply (BECN) was downgraded to a Hold Rating at Stifel Nicolaus
Stifel Nicolaus analyst W. Andrew Carter downgraded Beacon Roofing Supply (BECN – Research Report) to a Hold yesterday and set a price target ...
Beacon Seeks to Fend off QXO's Hostile Takeover With Poison Pill
(Reuters) - Beacon Roofing Supply said on Tuesday it has adopted a limited duration stockholder rights agreement, commonly ...
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QXO, Inc. Responds to Beacon Roofing Supply's Rejection of $124.25 Per Share Acquisition Offer
QXO's tender offer of $124.25 per share represents a 37% premium over Beacon Roofing Supply's recent trading price, highlighting QXO's strong commitment to provide value to shareholders.
Beacon Adopts Poison Pill to Defend Against Hostile QXO Bid
Beacon Roofing Supply Inc. has adopted a poison pill defense as the building products company pushes back against a hostile ...