SAN DIEGO, March 20, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of Beacon Roofing Supply, Inc. (NASDAQ: BECN) breached their fiduciary duties in connection with the proposed sale of the Company to QXO, Inc. (NYSE: QXO).
On March 20, 2025, Beacon Roofing announced that it had signed a definitive merger agreement with QXO. Under the terms of the agreement, QXO will acquire all the outstanding shares of Beacon Roofing’s common stock for $124.35 per share in cash.
The investigation concerns whether the Beacon Roofing board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Beacon Roofing shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given one Wall Street analyst has a $140 price target on the stock.
You can click or copy and paste the following link to join this investigation: https://www.johnsonfistel.com/investigations/beacon-roofing-supply-inc
If you are a shareholder of Beacon Roofing and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
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Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. We also extend our services to foreign investors who have purchased on US exchanges. Stay updated with news on stock drops and learn how Johnson Fistel, PLLP can help you recover your losses. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
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Contact:
Johnson Fistel, PLLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
