Extra Dime From QXO Wins $11 Billion Deal – Merger Arbitrage Mondays
Beacon Roofing Supply, Inc. (BECN): $123.77
Market Cap: $7.62 B
Deal Size: $11 B
Beacon Roofing Supply has finally agreed to an $11 billion buyout offer from billionaire Brad Jacobs’ firm, QXO (QXO)—just weeks after rejecting an offer that was only 10 cents lower, and actively defending against a hostile takeover.
In January, QXO offered to acquire the roof…
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