Beacon Roofing Supply Stock Soars as Firm Discusses $11B Purchase by QXO
Shares of Beacon Roofing Supply (BECN) surged about 7% amid a market sell-off Monday on news that the company was in discussions with technology solutions company QXO (QXO) to be acquired for $11 billion.
Why Is Beacon Roofing Supply Stock Surging Today?
Beacon Roofing Supply, Inc. (NASDAQ:BECN) stock is trading higher on Monday. The company announced QXO, Inc. (NYSE:QXO) may potentially acquire it for $124.35 per share in cash or a total consideration of approximately $11 billion.
Beacon Roofing back at the discussion table with QXO
The website you are visiting is protected and accelerated by Imperva. Your computer may have been infected by malware and therefore flagged by the Imperva network. Imperva displays this page for you to verify that an actual human is the source of the traffic to this site, and not malicious software.
Beacon Roofing jumps after agreeing to talks with QXO about $11B deal
Beacon Roofing ( NASDAQ: BECN) rose 8% after it agreed to enter talks with QXO ( QXO) for a potential deal for $124.35 per share in cash.
QXO, Beacon confirm discussions regarding potential transaction
QXO is engaging in customary due diligence regarding Beacon’s business, and QXO and Beacon are negotiating a definitive agreement.
Beacon Roofing Supply (BECN) Receives a Rating Update from a Top Analyst
Truist Financial analyst Keith Hughes maintained a Hold rating on Beacon Roofing Supply (BECN – Research Report) today. The company’s shares
Beacon Roofing in Talks With QXO for Potential $11 Billion Deal
Beacon Roofing Supply Inc. is in talks to be bought by QXO Inc. for about $11 billion including debt after rejecting an earlier takeover approach.
Beacon Roofing/QXO: A Deal Seems Relatively Likely
The merger between Beacon Roofing Supply, Inc. and QXO, Inc. seems likely, ending merger arbitrage opportunities. Click here to read why BECN stock is a Hold.
Beacon Roofing Supply (BECN): A High Bid Price Opportunity, According to Jim Cramer
We recently published a list of Jim Cramer Put These 8 Stocks Under the Microscope. In this article, we are going to take a look at where Beacon Roofing Supply, Inc. (NASDAQ:BECN) stands against other ...
Zacks.com on MSN3d
Beacon Announces Partnership With Brooklyn's Renovate Robotics
BECN's roofing portfolio is set to gain from the new partnership with the developer of roofing robots in New York. Dive in to ...
Beacon announces strategic investment and partnership with Renovate Robotics
Beacon (BECN) announced a strategic investment and partnership with Renovate Robotics, a company in roofing automation. Renovate Robotics ...
Bank of New York Mellon Corp Has $22.85 Million Stake in Beacon Roofing Supply, Inc. (NASDAQ:BECN)
Bank of New York Mellon Corp decreased its position in Beacon Roofing Supply, Inc. (NASDAQ:BECN – Free Report) by 4.6% during ...
Nasdaq4d
Noteworthy Monday Option Activity: KTOS, BECN, GEV
Below is a chart showing KTOS's trailing twelve month trading history, with the $32.50 strike highlighted in orange: Beacon Roofing Supply Inc (Symbol: BECN) saw options trading volume of 2,782 ...