Reported about 14 hours ago
Building products distributor QXO has finalized an $11 billion agreement to acquire Beacon Roofing Supply, valuing the company at approximately $7.7 billion excluding debt. QXO, led by billionaire Brad Jacobs, will pay $124.35 per share, aiming to boost annual sales to over $50 billion. After initial rejection of an earlier offer, QXO has proceeded with a hostile takeover attempt, seeking to replace Beacon's board of directors following regulatory approvals.
Source: YAHOO