As both sides continue to dig in, get the latest key takeaways from statements shared Feb. 6.
QXO Urges Beacon to Let Shareholders Decide on Offer After Board Rejection Read More »
QXO calls the agreement “shareholder-unfriendly” and a “poison pill”.
Beacon Adopts Shareholder Rights Deal to Hold Off QXO Read More »
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.
QXO Puts Ball in Beacon’s Court for Deal, Provides Communication Timeline Read More »
Beacon acknowledged the tender offer and recommended that shareholders take no action at this time.
QXO Commences $11B Takeover Bid for Beacon Read More »
New investment bank analyst commentary suggests QXO will have to increase its current bid for Beacon to fend off alternative suitors, but others say additional offers are unlikely.
Beacon May Garner Interest from Others, Including Lowe’s Read More »
The letter shares full details of QXO’s offer and claims Beacon has intentionally taken actions to “frustrate a transaction.” Beacon responds.
QXO Readies Proxy Fight for Beacon, Issues Open Letter to Chairman Read More »
Beacon shared its fourth quarter expansion efforts to support growth and improve customer service.
Beacon Made 2 Acquisitions, Opened 2 Greenfields in 4Q24 Read More »
Beacon reported 2023 revenue of $9.3 billion, and its share price is up 14% year-to-date.
Report: QXO Offers to Buy Beacon Read More »
Beacon set a company record for quarterly sales, with acquisitions largely driving year-over-year growth.
Acquisitions Power Beacon’s 7.6% Sales Growth in 3Q Read More »
The company appointed a new President for its North Division, effective Jan.1, as the current president transitions to Executive VP and CCO.
Beacon to Make Commercial Leader Succession Read More »
The move adds to Beacon’s more than 570 branches throughout the U.S. and Canada.
Beacon Acquires Chicago Metal Supply & Fabrication Read More »
Beacon has made nine acquisitions so far in 2024.
Beacon Acquires Distributors in New Jersey, Vancouver Read More »
Beacon said pricing and organic volumes drove about 3% combined sales growth during the quarter.
Acquisitions Drive Beacon’s 6.8% Sales Growth in 2Q Read More »
Beacon expands its roofing supply footprint with the acquisition of Roofers Mart
Beacon Acquires Roofers Mart in SoCal Read More »
Beacon’s increase in residential and non-residential roofing product sales were primarily due to higher volumes driven by strong demand.
Beacon 1Q Sales Jump 10% on Organic Volume Read More »
Prith Gandhi assumes the position on May 6.
Beacon Appoints New CFO Read More »
Adding five branches across Nebraska, Iowa and North Dakota, it’s the fourth acquisition Beacon has announced in 2024.
Beacon Grows in Midwest, Acquires General Siding Supply Read More »
To serve commercial roofing contractors in markets with construction upswings, Beacon added service in Canada and Minnesota.
Beacon Adds Branches in Canadian and Minneapolis Markets Read More »
Denver-based specialty waterproofing distributor Smalley & Company has 11 locations across the western U.S.
Beacon to Grow West, Add Waterproofing Distributor Smalley Read More »
Beacon continues expanding rapidly, with three more branches now open to serve residential and commercial roofing contractors.
Beacon Opens Trio of Branches in Florida, Michigan Read More »
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