Beacon to be Acquired by QXO in $11 Billion Deal, Stock Up

Beacon Roofing Supply, Inc. (BECN) , a leading distributor of roofing, waterproofing and exterior products, has entered into a definitive merger agreement to be acquired by QXO, Inc. (QXO) in a deal valued at $11 billion. The transaction is set at$124.35 per share in cash.The agreement has received unanimous approval from both boards. The deal is expected to close by the end of April.BECN’s shares gained 2% during the trading session yesterday. Investors’ sentiments are likely to have been boosted by the p ...