Beacon Roofing (NASDAQ:BECN) soared 9.3% in premarket trading after QXO Inc. (QXO) offered to buy the building products distributor in a deal valued at about $11 billion. QXO is offering $124.25 a share for Beacon (NASDAQ:BECN),

Offers Significant and Immediate Value to Beacon Shareholders with a 37% Premium above Beacon’s Unaffected 90-Day Share PriceGREENWICH, Conn., Jan. 15, 2025 (GLOBE NEWSWIRE) -- (Nasdaq: QXO) today announced that it has made public a proposal to the Board of Directors of Beacon Roofing Supply,

The proposal implies a total transaction value of approximately $11 billion and a 37% premium above Beacon’s 90-day unaffected volume-weighted average price of $91.02.