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.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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