Building-products distributor QXO launching hostile bid for Beacon, WSJ reports
ReutersJan 27, 2025 1:15 AM
Jan 26 (Reuters) - Building-products distributor QXO QXO.N is preparing to take its all-cash offer to acquire Beacon Roofing Supply BECN.O directly to shareholders after being rejected on several occasions, the Wall Street Journal reported on Sunday.
QXO is planning to launch a hostile bid as soon as Monday, offering to buy all shares outstanding of Beacon for $124.25 per share, the same price it previously proposed, the report said, citing people familiar with the matter.
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