Beacon Roofing adopts poison pill after QXO's hostile bid-February 2024-www.financetom.com

Beacon Roofing adopts poison pill after QXO's hostile bid

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Beacon Roofing adopts poison pill after QXO's hostile bid

Jan 28, 2025 5:16 AM

(Reuters) - Beacon Roofing Supply ( BECN ) 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.

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.

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