Technology Solutions Firm QXO Agrees to Buy Beacon Roofing Supply for $11B [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
QXO will pay Beacon shareholders $124.35 per share, valuing it at roughly $11 billion. Last week, the sides confirmed the deal was being discussed, causing Beacon's stock to soar. After its initial efforts to buy Beacon Roofing Supply ( BECN ) were rebuffed, technology solutions firm QXO ( QXO ) and the roofing distributor have come to an agreement. Greenwich, Conn.-based QXO will pay Beacon shareholders $124.35 per share—or roughly $11 billion—in cash, the terms the companies discussed last week , which caused shares of the Herndon, Virginia-based Beacon to soar. The deal, expected to close by the end of April, comes after Beacon had rejected QXO's prior overtures. "We expect Beacon to be the first of many acquisitions, putting us on track
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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