Why Is Beacon Roofing Supply (BECN) Stock Soaring Today
Shares of roofing materials distributor Beacon Roofing Supply (NASDAQ:BECN) jumped 8.7% in the pre-market session after the company announced talks with QXO regarding a potential acquisition. According to the press release,
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.
Beacon Roofing back at the discussion table with QXO
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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.
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 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 ...
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 Supply (NASDAQ:BECN) Receives “Buy” Rating from Benchmark
Beacon Roofing Supply (NASDAQ:BECN – Get Free Report)‘s stock had its “buy” rating restated by investment analysts at ...