Investing.com — QXO, Inc. (NASDAQ:QXO) has made a public proposal to the Board of Administrators of Beacon Roofing Provide, Inc. (NASDAQ:) to purchase all its excellent shares.
The proposed money supply is $124.25 per share, which means a complete transaction worth of round $11 billion.
This supply represents a 37% premium over Beacon’s 90-day volume-weighted common worth of $91.02.
QXO’s chairman and chief govt officer, Brad Jacobs, said that their all-cash supply offers important worth. He expressed his perception that Beacon’s shareholders deserve to judge the proposal.
Beacon Roofing Provide shares rose about 10% in pre-market commerce.
This text was generated with the help of AI and reviewed by an editor. For extra info see our T&C.
