William Blair downgraded Beacon (BECN) to Market Perform from Outperform after QXO (QXO) announced an agreement to acquire Beacon for $124.35 per share in cash.
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Read More on BECN:
- Beacon downgraded to Neutral from Outperform at Baird
- M&A News: Brad Jacobs’ QXO Secures $11B Deal to Acquire Beacon Roofing After Months-Long Saga
- Morning Movers: Designer Brands jumps, Accenture falls after quarterly results
- QXO to acquire Beacon for $124.35 per share in cash, or $11B
- QXO extends tender offer to acquire Beacon Roofing Supply
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