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.

The website you are visiting is protected and accelerated by Imperva. Your computer may have been infected by malware and therefore flagged by the Imperva network. Imperva displays this page for you to verify that an actual human is the source of the traffic to this site, and not malicious software.

QXO is engaging in customary due diligence regarding Beacon’s business, and QXO and Beacon are negotiating a definitive agreement.

Signaling that both companies are looking to complete a transaction, QXO and Beacon both confirmed March 10 that they are in negotiation talks for QXO to acquire Beacon. QXO and roofing/exterior products distributor Beacon co-announced the news,

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

Beacon Roofing Supply is negotiating a potential $11 billion buyout from billionaire Brad Jacobs-run QXO, in a complete reversal after it rebuffed an earlier offer and adopted a poison pill to stave off a hostile takeover attempt.

Beacon Roofing Supply Inc. is in talks to be bought by QXO Inc. for about $11 billion including debt after rejecting an earlier takeover approach.

Beacon Roofing (NASDAQ:BECN) rose 8% after QXO (QXO) and the roofing supply company confirmed talks for a potential Beacon acquisition for $124.35 per share in cash. QXO is engaging in customary due diligence regarding Beacon’s business,