Virginia Company Urges Stakeholders to Spurn Offer
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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…
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