A group of banks led by Morgan Stanley and Goldman Sachs Group Inc. kicked off a $4 billion junk-debt sale to help finance ...

The takeover approach comes after the WSJ reported in November that QXO was bidding for Beacon (NASDAQ:BECN). Beacon shares jumped 10% on Nov. 18 after the report. QXO's offer represents a 26% ...

Beacon Roofing has rebuffed a few takeover offers from QXO, and on Monday the latter announced it gave an offer directly to shareholders for $124.25 in cash. "I'm not going to speculate on what ...

Virginia-based Beacon rejected the offer, which prompted QXO CEO Brad Jacobs to approach Beacon's shareholders directly in a hostile takeover attempt. Following this, Beacon had asked shareholders ...

QXO has also studied a takeover of Rexel, a Paris-listed distributor of electrical supplies for homes that currently carries a market value of about $8bn. However, QXO’s initial acquisition ...

QXO, Inc. QXO and Beacon Roofing Supply, Inc. BECN shares are trading higher premarket on Thursday. On Thursday, QXO disclosed entering into a definitive merger agreement to acquire Beacon for $ ...

The agreement ends months of back-and-forth between the companies and avoids a full-blown hostile takeover battle. QXO will pay $124.35 per share in cash for Herndon, Va.-based Beacon after a ...

A new $11 billion construction project includes a picture window into the secretive side of investing. QXO , the latest ...

BMO Capital analyst Ketan Mamtora downgraded Beacon (BECN) to Market Perform from Outperform with a price target of $124.35, down from $130.

QXO sought to aggressively acquire Beacon in a hostile takeover earlier this year by offering to acquire the company for about $11 billion, or $124.25 per share, in an all-cash deal. Beacon’s ...

Building-products distributor QXO QXO-7.78%decrease; red down pointing triangle has signed a deal for Beacon Roofing Supply BECN 0.62%increase; green up pointing triangle after months of trying to ...