BUZZ-QXO drops on planned $500 mln stock sale for Beacon Roofing deal

Reuters

Apr 17, 2025

** Shares of building-products distributor QXO QXO.N down 6.5% in post-market trading to $13.33 after acquisition-related equity offering news

** Greenwich, Connecticut-based QXO announces $500 mln proposed stock offering to partially finance pending buy of Beacon Roofing Supply BECN.O

** BECN agreed to the $11 bln buyout deal from billionaire Brad Jacobs' firm last month

** With ~409.4 mln shares outstanding, QXO has ~$5.8 bln market cap

** Morgan Stanley and Goldman Sachs are jt bookrunners for the offering

** QXO shares on Weds closed down 1.8% at $14.26, off 10% YTD

** Shares of BECN inched down 4 cents to $123.09 on Weds. The Herndon, Virginia-based firm's stock is up 21% in 2025

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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The Herndon, Virginia-based firm's stock is up 21% in 2025</p><p> (Lance Tupper is a Reuters market analyst. The views expressed are his own)</p><p> ((lance.tupper@tr.com 1-646-279-6380))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1868836591.USD","symbol_name":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250416:nL6N3QU0TT:2","article_id":"2528188209","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2528188209","pubTimestamp":1744840048,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-QXO drops on planned $500 mln stock sale for Beacon Roofing deal**  Shares of building-products distributor QXO QXO.N down 6.5% in post-market trading to $13.33 after acquisition-related equity offering news ** Greenwich, Connecticut-based QXO announces $500 mln proposed stock offering to partially finance pending buy of Beacon Roofing Supply BECN.O** BECN agreed to the $11 bln buyout deal from billionaire Brad Jacobs' firm last month** With ~409.4 mln shares outstanding, QXO has ~$5.8 bln market cap** Morgan Stanley and Goldman Sachs are jt bookrunners for the offering** QXO shares on Weds closed down 1.8% at $14.26, off 10% YTD** Shares of BECN inched down 4 cents to $123.09 on Weds. 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The Herndon, Virginia-based firm's stock is up 21% in 2025 (Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@tr.com 1-646-279-6380))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}