Building-products distributor QXO launching hostile bid for Beacon, WSJ reports

Beacon Roofing Supply

27/01/2025 01:15

Jan 26 (Reuters) - Building-products distributor QXO
 QXO.N  is preparing to take its all-cash offer to acquire
Beacon Roofing Supply  BECN.O  directly to shareholders after
being rejected on several occasions, the Wall Street Journal
reported on Sunday.
    QXO is planning to launch a hostile bid as soon as Monday,
offering to buy all shares outstanding of Beacon for $124.25 per
share, the same price it previously proposed, the report said,
citing people familiar with the matter.

 (Reporting by Disha Mishra in Bengaluru; Editing by Subhranshu
Sahu)
 ((Disha.Mishra@thomsonreuters.com;))