Beacon Roofing adopts poison pill after QXO's hostile bid (updated)

Beacon Roofing Supply

28/01/2025 12:50

(Adds details and background in paragraph 2)
       Jan 28 (Reuters) - Beacon Roofing Supply  BECN.O  said
on Tuesday it has adopted a limited duration stockholder rights
agreement, commonly known as a poison pill, following a hostile
takeover bid by QXO  QXO.N .
    Beacon is issuing one preferred share purchase right for
each outstanding share of its common stock to stockholders by
way of a dividend, as of Feb. 7, the company said.

 (Reporting by Anshuman Tripathy in Bengaluru; Editing by
Shounak Dasgupta)
 ((Anshuman.Tripathy@thomsonreuters.com))