Meanwhile, QXO maintains that its offer of $124.25 per share is 17% higher than the Beacon stock has ever traded; represents ...

Beacon Roofing Supply stock rose sharply on Wednesday after building-products distributor QXO made an $11 billion cash bid to ...

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QXO launched an attempt to acquire Beacon Roofing Supply directly from its shareholders with a tender offer of $124.25 a share.