QXO extended its all-cash tender offer to acquire Beacon Roofing Supply, with the offer remaining open until April 21, while giving an update on the amount of shares tendered into the deal.
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QXO acknowledged a rebranding in an FAQ for Beacon employees, though timing is still to be determined.
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QXO extends the deadline for shareholders to tender their shares, with the transaction expected to close by the end of April.
With QXO’s acquisition of Beacon set to finalize by the end of April, let’s look at what the deal does for both sides and the attributes that QXO just couldn’t walk away from.
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It ends a four-month public standoff between the two companies and marks another milestone acquisition in the building materials distribution sector.
QXO extends its offer to Beacon for a fifth time, two days after announcing additional funding secured from institutional investors.
QXO extends its all-cash tender offer for Beacon, one week after both companies confirmed negotiation talks.
New York-based Renovate Robotics is a startup creating roofing automation robots to make roofing “safer and more productive” for contractors.
To further court Beacon investors to tender their shares into QXO's buyout offer, QXO's founder and CEO wrote to sympathize and level with Beacon staff.
Based in California's Bay Area, DM Figley is a supplier of sealants, waterproofing and concrete repair products.
QXO re-extended its all-cash tender offer, with Brad Jacobs challenging the Beacon board’s resistance. Beacon issued a prompt response.
See the detailed roster of directors QXO proposed, as well as Beacon's prompt response.
Get the latest on the standoff here, and insight onto where it might be headed.
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As both sides continue to dig in, get the latest key takeaways from statements shared Feb. 6.
QXO calls the agreement "shareholder-unfriendly" and a “poison pill”.
Along with its time-sensitive proposal, the building materials distribution platform went into great detail giving a rundown of talks with Beacon since they started this past summer.
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The letter shares full details of QXO's offer and claims Beacon has intentionally taken actions to "frustrate a transaction." Beacon responds.
Beacon set a company record for quarterly sales, with acquisitions largely driving year-over-year growth.
The company appointed a new President for its North Division, effective Jan.1, as the current president transitions to Executive VP and CCO.
The move adds to Beacon’s more than 570 branches throughout the U.S. and Canada.
