Beacon Roofing Implements Poison Pill in Response to QXO's Hostile Takeover Attempt

Reported 2 days ago

Beacon Roofing Supply has adopted a limited duration stockholder rights agreement, commonly known as a poison pill, in response to a hostile takeover bid from QXO. The company will issue one preferred share purchase right for each outstanding common stock share as a dividend starting February 7.

Source: YAHOO

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