BECN News
QXO names tech veteran Val Liborski as new CTO
Investing.com -- QXO Inc (NYSE:QXO) announced Wednesday the appointment of Val Liborski as chief technology officer (CTO), effective from April 21, 2025. Liborski, a global tech veteran, previously held the same role at Yahoo and HelloFresh (OTC:HLFFF). He also led engineering and product management at Amazon (NASDAQ:AMZN) Web Services and later managed the technology for Amazon’s consumer business expansion in Europe. Early in his career, Liborski held senior engineering positions at Microsoft (NASDAQ:MSFT), where he developed large-scale data systems for Bing and advanced AI-driven advertising platforms.
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QXO names tech veteran Val Liborski as new CTO
Investing.com -- QXO Inc (NYSE:QXO) announced Wednesday the appointment of Val Liborski as chief technology officer (CTO), effective from April 21, 2025. Liborski, a global tech veteran, previously held the same role at Yahoo and HelloFresh (OTC:HLFFF). He also led engineering and product management at Amazon (NASDAQ:AMZN) Web Services and later managed the technology for Amazon’s consumer business expansion in Europe. Early in his career, Liborski held senior engineering positions at Microsoft (NASDAQ:MSFT), where he developed large-scale data systems for Bing and advanced AI-driven advertising platforms.
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Investing.com-- QXO Inc (NYSE:QXO) has entered a deal to acquire Beacon Roofing Supply Inc (NASDAQ:BECN) at a slightly higher price than earlier offered, the Wall Street Journal reported on Wednesday citing comments from executives.
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QXO has also secured $830 million in a fresh equity raise in connection to the offer, WSJ reported.
QXO Inc.'s (NYSE:QXO) CEO, Brad Jacobs, addressed Beacon (NASDAQ:BECN) employees directly in an open letter as the company continues its efforts to acquire the building products distributor. Jacobs emphasized respect for Beacon's workforce and outlined a commitment to prioritizing employee input should the takeover succeed.
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On Wednesday, QXO Inc. (NYSE:QXO) CEO and Chairman Brad Jacobs addressed what he described as misleading and inaccurate claims made by takeover target Beacon (NASDAQ:BECN) in a recent press release. The response follows QXO's second extension of its tender offer for Beacon at $124.25 per share in cash.
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Sentiment on Stocktwits turned ‘extremely bullish’ from ‘bullish’ a week ago
Stifel downgraded Beacon to ‘Hold’ from ‘Buy’ with a price target of $122.55, down from $131
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.
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Beacon rejected an $11 billion takeover bid from QXO Inc. ($QXO), which is now considering to reportedly taking the bid directly to its shareholders
Investing.com-- Building products distributor QXO Inc (NYSE:QXO) is planning to launch a hostile bid for Beacon Roofing Supply Inc (NASDAQ:BECN) by approaching shareholders directly, the Wall Street Journal reported on Sunday.
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