QXO, Inc. and Beacon Roofing Supply, Inc. confirmed they are in discussions regarding a potential combination in which QXO would acquire Beacon for $124.35 per share in cash. This proposed total consideration is approximately $11 billion. QXO is currently conducting customary due diligence on Beacon's business, and both companies are negotiating a definitive agreement.
In light of these discussions, Beacon announced the postponement of its Investor Day, which was originally scheduled for March 13, 2025. This development signals a potential shift from a hostile takeover attempt to a negotiated merger agreement, indicating significant progress towards a resolution. The confirmed discussions provide clarity on the path forward for the acquisition.
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