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

By Parker Quinlan ( July 7, 2023, 6:45 PM EDT) -- Beacon Roofing Supply Inc. on Friday announced an agreement to repurchase $804.5 million in preferred stock from private equity firm Clayton Dubilier & Rice LLC that Beacon had sold in exchange for funding to buy a rival company's U.S. distribution network....

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