As QXO’s tender offer deadline arrives on March 10, Beacon faces a proxy battle amid analyst downgrades and stock volatility. Founder Brad Jacobs assures employees their voices will be heard if QXO prevails, while market sentiment remains mixed.
QXO extended its $124.25 per share tender offer for Beacon to March 10, citing strong momentum despite board resistance, rising commitments, and full financing secured.
LP Building Solutions earned three major industry honors for its innovation and partnerships, including Beacon’s Trail Blazer Award and Vendor of the Year from BMR and Lumbermen’s Inc..
Beacon posted record Q4 net sales of $2.40B, up 4.5%, and full-year sales of $9.8B, despite EPS falling short. Strong EBITDA, acquisitions and expansions bolstered its Ambition 2025 strategy.
Beacon expands its footprint with four greenfield branches in Indiana, Wisconsin, Florida, and Texas, enhancing service for roofing contractors and advancing its Ambition 2025 plan.
Roofing distributors and suppliers share their thoughts on the 2025 International Roofing Expo and how they supported the industry at what could be the biggest show in the event's history.
QXO extended its tender offer for Beacon to March 3, citing shareholder interest, while Beacon's board rejects the bid as undervaluing the company; analysts debate its potential impact.
QXO further escalates its takeover bid for Beacon: In the latest, the pursuer proposes a new board slate following the rejection of its $11B offer. Shareholders now face a pivotal decision in the battle for control.