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Building-products distributor QXO is taking its all-cash offer to acquire Beacon Roofing Supply directly to shareholders ...
Acquisition vehicles can sometimes be objects of mystery for their shareholders. Management may indicate the business sector ...
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Beacon Roofing (NASDAQ:BECN) could see other takeover offers after QXO Inc. (QXO) disclosed its $124.25 a share offer this week, a bid that Beacon has rejected, according to a Stifel analyst.
As would be expected, significant funds are being spent until completion of the project this year, which will enable the company to combine management and other key functions under one roof.