Beacon Roofing Will Buy Back $804.5M In Stock From PE Firm

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By Parker Quinlan (July 7, 2023 at 6:45 p.m. EDT) – Beacon Roofing Supply Inc. on Friday announced an agreement to repurchase preferred stock valued at $804.5 million from private equity firm Clayton Dubilier & Rice LLC, which had sold Beacon in exchange for financing to purchase a competitor’s US distribution network….

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https://www.law360.com/construction/articles/1697080/beacon-roofing-will-buy-back-804-5m-in-stock-from-pe-firm