Beacon announces agreement to repurchase all outstanding series a cumulative convertible participating preferred stock

Herndon, va.--(business wire)---- $becn #ambition2025--beacon (nasdaq: becn) (the “company”, “we,” “us” or “our”) today announced that it has reached an agreement with clayton, dubilier & rice, llc ("cd&r") to repurchase all of the outstanding shares of its series a cumulative convertible participating preferred stock (the “series a preferred stock”) held by cd&r's affiliate. beacon is also announcing estimated preliminary results for the quarter ended june 30, 2023 and updating its full year 2023 outlook.
BECN Ratings Summary
BECN Quant Ranking