QXO to acquire Beacon Roofing Supply for $11bn.

QXO, a software company, agreed to acquire Beacon Roofing Supply, a distributor of commercial and residential roofing products, for $11bn. “Our all-cash offer provides compelling value. We believe Beacon shareholders have a right to evaluate our proposal, despite the attempt by Beacon’s Board of Directors to withhold it from them,” Brad Jacobs, QXO chairman and chief executive officer.