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The latest update is out from Beacon Roofing Supply ( (BECN) ).
On January 27, 2025, Beacon Roofing Supply’s Board of Directors adopted a stockholder rights agreement in response to a tender offer by QXO, Inc. The agreement aims to protect Beacon and its stockholders from hostile takeovers by requiring potential acquirers to pay a fair control premium. This rights plan, set to expire on January 26, 2026, aligns with similar strategies used by publicly-held companies and is designed to provide the Board with sufficient time to evaluate QXO’s offer, which they previously rejected as undervalued.
More about Beacon Roofing Supply
Beacon Roofing Supply is a leading publicly-traded Fortune 500 company that specializes in the distribution of specialty building products such as roofing materials, siding, and waterproofing. The company operates over 580 branches across the United States and Canada, serving nearly 100,000 customers with its private label brand, TRI-BUILT®, and its digital management suite, Beacon PRO+®. Beacon’s stock is listed on the Nasdaq Global Select Market under the symbol BECN.
YTD Price Performance: 18.98%
Average Trading Volume: 845,155
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.33B
Find detailed analytics on BECN stock on TipRanks’ Stock Analysis page.
