QXO is in discussions to acquire Beacon Roofing Supply for approximately $11 billion, with a proposed price of $124.35 per share in cash. This follows an earlier bid that Beacon rejected as undervaluing the company. The negotiations have reportedly turned more amicable after QXO increased its offer by 10 cents. Meanwhile, in the ride-hailing sector, Uber and Lyft continue to dominate North America, prompting European rival Bolt to expand its operations into the region. In Toronto, local taxi and ride-hail companies are urging the city council to include them in the 'Buy Local, Buy Canadian' campaign, amid concerns over U.S. tariffs affecting Canadian products.
‘Buy Canadian’: Local firms want Toronto council to block Uber and Lyft from city phones https://t.co/O4YNEvsx0s https://t.co/TMybhinknj
Canadian taxi, ride-hail companies urge Toronto to promote them with ‘Buy Local’ campaign https://t.co/1QANyun853 https://t.co/Ho2CbqYtA7
Canadian taxi companies are calling on Toronto city council to include the ride-hail industry in its “Buy Local, Buy Canadian” campaign, amid the ongoing threat of U.S. tariffs on Canada products. https://t.co/3IAuPyM51i