Beacon board of directors unanimously rejects qxo's unsolicited tender offer

Herndon, va.--(business wire)--beacon (nasdaq: becn) (the “company”), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, today announced that its board of directors (the “board”) issued its formal recommendation to shareholders regarding the unsolicited tender offer (the “offer”) from qxo, inc. (nyse: qxo) to acquire all outstanding shares of beacon common stock for $124.25 per share in cash. the board, after consultation with it.
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