Brad Jacobs' QXO has first building products acquisition, as Beacon OKs sale [Yahoo! Finance]
Beacon Roofing Supply, Inc. (BECN)
Last beacon roofing supply, inc. earnings: 2/3 04:01 pm
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US:NASDAQ Investor Relations:
ir.beaconroofingsupply.com/investor-relations
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Source: Yahoo! Finance
In what was shaping up to be a hostile takeover attempt, QXO (NYSE: QXO) and Beacon Roofing Supply (NASDAQ: BECN) announced early Thursday that they had reached an agreement to acquire Beacon for $124.35 per share. The total value of the deal is about $11 billion. When QXO first publicly announced its desire to acquire Beacon on Jan. 15, the price offered was $124.25 per share, just 10 cents less than the final acquisition. The formal tender offer launched Jan. 27. Beacon's stock price closed Wednesday at $121.53. Just before QXO announced its desire to acquire Beacon, the stock price of the building products supplier was trading near $102. Beacon reported net sales of $9.8 billion for calendar year 2024. The agreement comes about two weeks
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BECN
News
- Beacon Roofing Supply, Inc. (NASDAQ: BECN) was downgraded by analysts at Raymond James from a "moderate buy" rating to a "hold" rating.MarketBeat
- Beacon Roofing Supply, Inc. (NASDAQ: BECN) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Beacon Roofing Supply, Inc. (NASDAQ: BECN) was downgraded by analysts at Baird R W from a "strong-buy" rating to a "hold" rating.MarketBeat
- Beacon Roofing Supply, Inc. (NASDAQ: BECN) had its "hold" rating re-affirmed by analysts at Loop Capital. They now have a $124.00 price target on the stock.MarketBeat
- SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Beacon Roofing Supply, Inc. - BECNPR Newswire
BECN
Earnings
- 2/27/25 - Miss
BECN
Sec Filings
- 3/28/25 - Form SC
- 3/27/25 - Form SC
- 3/24/25 - Form 8-K
- BECN's page on the SEC website