06:35 AM EDT, 03/10/2025 (MT Newswires) -- QXO (QXO) is in discussions to acquire Beacon Roofing Supply ( BECN ) for about $11 billion, the companies said Monday.

QXO proposes paying $124.35 per share in cash for the merger, the companies said.

The companies said QXO is engaging in due diligence, and negotiations for a definitive agreement are underway.

As part of the process, Beacon has postponed its investor day, which was set for March 13, the companies said, adding that there is no guarantee that the discussions will lead to a finalized transaction.

Shares of Beacon rose 7% in premarket trading.