Qxo and beacon confirm discussions regarding potential transaction

Greenwich, conn. and herndon, va.--(business wire)--qxo, inc. (nyse: qxo) and beacon roofing supply, inc. (nasdaq: becn) confirmed today that they are in discussions about a potential combination in which qxo would acquire beacon for $124.35 per share in cash, or total consideration of approximately $11 billion. qxo is engaging in customary due diligence regarding beacon's business, and qxo and beacon are negotiating a definitive agreement. beacon is postponing its investor day, which had been.
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