Beacon confirms receipt and reiterates rejection of unsolicited proposal

Herndon, va.--(business wire)--beacon (nasdaq: becn) (the “company”) today confirmed that it has previously received and rejected an unsolicited, non-binding proposal from qxo, inc. (nasdaq: qxo) to acquire all outstanding shares of the company for $124.25 per share in cash. qxo's proposal, publicized today, was received on november 11, 2024. consistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, beacon's board of directors (the “board”) tho.
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