Beacon Roofing agrees to $11 billion QXO buyout, ending takeover battle-March 2024-www.financetom.com

Beacon Roofing agrees to $11 billion QXO buyout, ending takeover battle

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Beacon Roofing agrees to $11 billion QXO buyout, ending takeover battle

Mar 20, 2025 3:23 AM

March 20 (Reuters) - Beacon Roofing Supply ( BECN ) said

on Thursday it has agreed to an $11 billion buyout offer from

billionaire Brad Jacobs' firm QXO, weeks after it had

rejected an earlier proposal and strived to avoid a hostile

takeover attempt.

(Reporting by Shivansh Tiwary in Bengaluru; Editing by Shinjini

Ganguli)

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