Investing.com- QXO Inc (NYSE construction distribution company 🙂 to launch a hostility to buy Lighthouse The Wall Street Journal reported on Sunday that Supply Inc (Nasdaq 🙂 by communicating with the shareholders directly.
The Wall Street Journal report, quoting people familiar with the matter, said that the hostile offer can be launched by Monday and will be offered to Beacon $ 124.25 per share – the same price as QXO previously offered. The offer is estimated at $ 7.7 billion – higher than the BEACON closure of $ 118.42 on Friday, which was estimated at $ 7.3 billion.
The move comes after QXO has been rejected repeatedly by Beacon regarding a possible acquisition. QXO made an initial offer to buy Beacon in November 2024, which Beacon rejected because of the company's value.
Beacon is the largest public distributor for roofing materials, and has the ability to complete the QXO business. QXO recently said it had received the deal of the deal, and that its offer was convincing to Beacon's shareholders.
