CL King Upgrades Beacon Roofing Supply (BECN) to Buy
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Baird Upgrades Beacon Roofing Supply (BECN) to Outperform
July 28, 2015 6:45 AM EDTBaird upgraded Beacon Roofing Supply (NASDAQ: BECN) from Neutral to Outperform with a price target of $40.00.
For an analyst ratings summary and ratings history on Beacon Roofing Supply click here. For more ratings news on Beacon Roofing Supply click here.
Shares of Beacon Roofing Supply closed at $32.70 yesterday.
... MoreBeacon Roofing Supply (BECN) to Acquire Roofing Supply Group in ~$1.1B Deal
July 27, 2015 7:31 AM EDTBeacon Roofing Supply (NASDAQ: BECN) announced that it has entered into a definitive merger agreement to acquire Roofing Supply Group (RSG), a leading roofing products distributor owned by investment firm Clayton, Dubilier & Rice (CD&R), in a cash and stock transaction valued at approximately $1.1 billion.
Under the terms of the agreement, RSG shareholders will receive approximately $286 million in cash and $291 million of Beacon common stock, and Beacon will refinance approximately $565 million of RSG's net debt. Beacon will fund the cash portion of the purchase price through a new ABL Revolver, Term Loan B and a... More
