Beacon Adopts Poison Pill

Beacon Adopts Poison Pill to Defend Against Hostile QXO Bid
Beacon Roofing Supply Inc. has adopted a poison pill defense as the building products company pushes back against a hostile takeover approach from QXO Inc.
Beacon seeks to fend off QXO's hostile takeover with poison pill
Beacon Roofing Supply on Tuesday adopted a poison pill defense to prevent a $11 billion hostile takeover by billionaire entrepreneur Brad Jacobs through his company QXO. The defense strategy creates a roadblock for Jacobs' attempt to become a big player in building products distribution through QXO,
Beacon Roofing Adopts Poison Pill After QXO's Hostile Bid
(Reuters) - Beacon Roofing Supply said on Tuesday it has adopted a limited duration stockholder rights agreement, commonly known as a poison pill, following a hostile takeover bid by QXO.
QXO Comments on Beacon Roofing Supply’s Adoption of Shareholder-Unfriendly Poison Pill
Reaffirms Commitment to Acquiring Beacon for $124.25 per Share in Cash All-Cash Offer Provides Significant and Immediate Value to Beacon Shareholders GREENWICH, Conn., Jan. 28, 2025 (GLOBE NEWSWIRE) -- (NYSE: QXO) today commented on Beacon Roofing Supply,
Beacon adopts poison pill
Investing.com -- Beacon Roofing Supply announced on Tuesday that its board of directors has adopted a limited-duration stockholder rights agreement, often referred to as a "poison pill," in response to a hostile takeover bid from QXO, Inc.
Beacon Adopts Shareholder Rights Deal to Hold Off QXO
As expected, QXO responded immediately following Beacon’s rights agreement announcement, calling the move “shareholder unfriendly” and a “poison pill” aimed at blocking QXO’s all-cash offer, which is set to expire at the end of Feb. 24..
DHI Group Adopts Poison Pill to Protect Carryforwards
DHI Group adopted a poison pill provision that the company said will preserve its carryforwards, which allow capital losses from sales of assets to be carried over from one year to another.
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The Poison Pill Escapes Its Day in Court
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WBD-NBA lawsuit gives inside look at ‘poison pills’ in new rights deal
Answer: a $4.5 billion fine. That is just one of many so-called “poison pills” WBD charges the NBA sprinkled throughout its agreement with Amazon to deter the current incumbent. WBD has ...