The poison pill kicks in when a person or group acquires a 15% interest in Beacon (NASDAQ:BECN), according to a statement from the company on Tuesday. The move comes after QXO on Monday launched a ...

QXO announced the company would extend its tender offer to acquire Beacon shares, which the company has rejected.

(Reuters) -Beacon Roofing Supply on Tuesday adopted a poison pill defense to prevent a $11 billion hostile takeover by billionaire entrepreneur Brad Jacobs through his company QXO. The defense ...

Both companies also acknowledged how many Beacon shares have been tendered as of Feb. 24 and gave opposing views on what it ...

Calls on Beacon to Remove Shareholder-Unfriendly Poison PillGREENWICH, Conn., Feb. 12, 2025 (GLOBE NEWSWIRE) -- QXO, Inc.

Beacon Roofing (NASDAQ:BECN) adopted a poison pill after QXO Inc. on Monday announced an $11 billion hostile bid for the building products company. The poison pill kicks in when a person or group ...

QXO, Inc. (NYSE: QXO) announced today it is extending its all-cash tender offer to acquire all outstanding shares of Beacon ...

(Reuters) -Beacon Roofing Supply on Tuesday adopted a poison pill defense to prevent a $11 billion hostile takeover by billionaire entrepreneur Brad Jacobs through his company QXO. The defense ...

As of Monday evening, approximately 17.27% of Beacon's issued and outstanding shares had been tendered, exceeding initial expectations despite the company's implementation of a poison pill strategy.