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.
Beacon's board submitted a unanimous recommendation to its shareholders to reject QXO's offer to acquire all outstanding shares at $124.25 per share in cash.
After QXO bypassed Beacon's Board of Directors and took its offer directly to shareholders, Beacon swallowed a 'poison pill' to thwart a hostile takeover attempt
Beacon Building Supply adopted a 'poison pill' defense after QXO took its $11B offer directly to shareholders; the move by Beacon allows shareholders to dilute QXO’s stake if it acquires 15% or more. Discover the latest moves.
An analysis by three investment banks reflects Beacon’s strong market positioning, the strategic implications of the acquisition, and the importance of maximizing shareholder value through careful negotiation
QXO set a Feb. 24 deadline for its $124.25/share bid for Beacon, but analysts value BECN at $130–$136, suggesting upside potential. A higher offer or strategic alternatives may better serve shareholders.
Beacon honored five supplier partners for their 2024 excellence: CertainTeed was named Supplier of the Year; AccuLynx, LP, Owens Corning, and Penske also took honors, celebrating innovation, service, and shared values.
Erik Zadrozny believes in removing barriers for Beacon customers and employees alike, drawing on nearly two decades of experience to bring about success as a vice president of sales.
Private equity eagerly awaits the next acquisition in the roofing space. The sales process begins with getting the right perspective on the journey from sources that understand specialty trades
Wondering what steps you'll need to take in a private equity sale? In this two-part series, Beacon Exit Planning's Kevin Kennedy breaks down the private equity sales process.
QXO, Inc.'s $11B offer to acquire Beacon was rejected as “undervalued.” The high-stakes bid could reshape the building materials sector with a looming proxy fight possible. Who will prevail in this corporate chess match?
QXO, Inc. publicly offered to acquire Beacon for $124.25 per share in cash, valuing the deal at $11 billion — 37% above Beacon’s 90-day average price — and is seeking shareholder consideration.
Jonathan Bennett and Jake Gosa will take on the other's role, with Gosa becoming executive vice president and chief commercial officer and Bennett now the new president of the North Division.