3 days ago · (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 ...

3 days ago · Beacon Roofing Supply Inc. has adopted a poison pill defense as the building products company pushes back against a hostile takeover approach from QXO Inc. Herndon, Va.-based Beacon said in a ...

3 days ago · (Reuters) - Beacon Roofing Supply 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.

3 days ago · 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 ...

1 day ago · The poison pill makes Beacon, North America's top publicly traded distributor of roofing materials, more expensive and less attractive to acquire by giving special privileges to current shareholders. The distributor also alluded to other offers, though none has yet to be made public if they ever existed. ...

3 days ago · The only thing stopping shareholders from acting to get cash expeditiously is the decision by Beacon’s board to adopt a poison pill. We are prepared to take all necessary steps to complete this transaction promptly and deliver significant and immediate value to Beacon shareholders.” Background

So-called poison pills seek to dilute the ownership of hostile acquirers. Beacon said on Tuesday that it will issue, by means of a dividend, one preferred share purchase right for each outstanding ...

(Reuters) - Beacon Roofing Supply 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 ...

Beacon Roofing Supply Inc. adopted a poison pill strategy on Tuesday, designed to thwart the $11 billion hostile takeover bid launched by tech and software company QXO Inc. the previous day.

3 days ago · QXO’s $124.25 per share offer represents a 37% premium to Beacon’s 90-day unaffected volume-weighted average price of $91.02 per share as of November 15, 2024, and a 26% premium to the $98.75 ...