Beacon, a leading entity in its field, announced on Monday that QXO, Inc. has launched an unsolicited tender offer to acquire all outstanding shares of Beacon's common stock for $124.25 per share in cash.
The Board of Directors at Beacon is poised to conduct a meticulous evaluation of this offer.
It's noteworthy that the present offer from QXO mirrors their previous proposal dated November 11, 2024, which the Board unanimously rejected. The Board believes the proposal considerably undervalues the company and does not serve the best interests of its shareholders.
In pre-market trading, Beacon's shares are currently priced at $120.00, reflecting an increase of 1.33 percent or $1.58 on the Nasdaq exchange.
