QXO Won’t Take No for an Answer – Merger Arbitrage Mondays

Beacon Roofing Supply (BECN): $119.30

Market Cap: $7.38 B

Deal Value: $11 B

It is very rare to come across a scenario where the target company has not approved the merger, but the acquirer has jumped through hoops to make sure the deal goes through. Such is the case with Beacon Roofing and QXO (QXO).

QXO began an unsolicited tender offer for all the shares …