The NYSE welcomes QXO, Inc. in celebration of its transfer to its family of listed companies! $QXO https://t.co/aBjeodtdtW
LIVE on NYSE TV 🎙️ Tune in for top tech headlines from @SiliconANGLE, CEO of @WomenInTechOrg, @AyumiMooreAoki, the lead-up to @WEF and more! Plus, #QXO celebrates its transfer to NYSE! $QXO https://t.co/TwK1CZcZ9G
Excited to ring the @NYSE opening bell this morning with the #QXO team! https://t.co/QxgJqnoxhl
QXO, Inc. has proposed an unsolicited acquisition of Beacon Roofing Supply (BECN) for $124.25 per share in cash, valuing the deal at approximately $11 billion. This offer represents a 14.1% premium over Beacon's stock price. However, Beacon Roofing Supply has rejected the proposal, stating that it significantly undervalues the company and is not in the best interests of its shareholders. The company has confirmed its willingness to engage in discussions under a non-disclosure agreement and has announced an investor day scheduled for March 13, where it will present its long-term targets for 2028. Beacon Roofing Supply is recognized as the largest publicly traded materials company in the U.S.