BECN shares up after discussions that QXO may acquire it for $11 billion. Also announced strategic investment with Renovate ...

Beacon Roofing Supply and QXO have launched discussions about a potential combination in which Brad Jacobs’ company would acquire Beacon for around $7.7 billion.

Shares of Beacon Roofing Supply surged almost 7% amid a market sell-off Monday on news the company was in discussions with technology solutions company QXO to be acquired for $11 billion.