QXO Stepping Up Efforts to Win Over Beacon Roofing Supply Shareholders to Buyout
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QXO is intensifying efforts to convince Beacon Roofing Supply shareholders to accept its $124.25-per-share buyout offer, claiming that Beacon's board is misrepresenting the deal and undervaluing it. Beacon's board has recommended rejecting the bid, stating it undervalues the company. QXO argues that its offer is in the best interest of shareholders and urges the board to allow them to decide their financial future. In recent trading, QXO shares rose nearly 3%, while Beacon shares fell 0.2%.
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