Qxo to acquire beacon roofing supply for $11 billion

Greenwich, conn. & herndon, va.--(business wire)--qxo, inc. (nyse: qxo) and beacon roofing supply, inc. (nasdaq: becn) today announced that they have entered into a definitive merger agreement under which qxo will acquire beacon for $124.35 per share in cash. beacon is a leading distributor of roofing, waterproofing and exterior products, with nearly 600 branches across the u.s. and canada. the boards of directors of both companies have unanimously approved the transaction, which values beacon.
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