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Beacon Roofing Supply Battles Brad Jacobs’ Bid – Merger Arbitrage Mondays

  • February 3, 2025

Beacon Roofing Supply (BECN): $118.34

Market Cap: $7.32 B

Deal Value: $11 B

Last November, the Wall Street Journal reported that QXO (QXO), a technology company with a focus on building-products, had offered to acquire Beacon Roofing Supply (BECN). But no details were revealed at the time.

This month, however, the details of the deal emerged, leading to a hostile tender offer—and a swift poison pill response from Beacon.

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