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Building-products distributor QXO launching hostile bid for Beacon, WSJ reports
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Building-products distributor QXO launching hostile bid for Beacon, WSJ reports
Jan 26, 2025 5:49 PM

Jan 26 (Reuters) - Building-products distributor QXO

is preparing to take its all-cash offer to acquire

Beacon Roofing Supply ( BECN ) 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)

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