Reported about 6 hours ago
Shares of Beacon Roofing Supply rose approximately 7% amid market declines after news surfaced that the company is in discussions to be acquired by QXO for $11 billion, at a price of $124.35 per share. Although Beacon had previously rejected acquisition attempts from QXO, both companies are now negotiating a potential deal, though no final agreement has been secured. Beacon's stock has increased nearly 40% over the last year.
Source: YAHOO