QXO Inc Price & Performance (QXO)

Beacon Roofing Supply has agreed to a $124.35 per share acquisition by QXO, concluding months of negotiations. The deal, worth $11 billion, received unanimous board approval and is expected to close by April's end. This move positions QXO as a key player in the $800 billion building products distribution market.123

QXO’s $11 billion acquisition of Beacon Roofing marks a significant step in its expansion strategy. The agreed-upon $124.35 per share cash offer follows months of resistance from Beacon's board. The deal is set to strengthen QXO's presence across North America, leveraging Beacon's extensive branch network.14

After a prolonged takeover battle, QXO will acquire Beacon Roofing Supply for $11 billion. The deal, finalized at $124.35 per share, reflects a strategic shift for both companies. Beacon’s board endorsed the agreement, citing immediate cash value amid economic uncertainties.123