Virginia Company Urges Stakeholders to Spurn Offer
(thekob/Getty Images)
[Stay on top of transportation news: Get TTNews in your inbox.]
Beacon Roofing Supply Inc. has officially rejected a hostile takeover approach from QXO Inc., setting the stage for a potentially protracted battle for control of the building supplies provider.
In a statement on Feb. 6, Herndon, Va.-based Beacon recommended that its shareholders reject QXO’s $124.25 per share cash offer because it “significantly undervalues the co…
CONTINUE READING THE ARTICLE FROM Transport Topics HERE
Comments are closed, but trackbacks and pingbacks are open.