(Reuters) – QXO is in discussions about a potential $11 billion deal for Beacon Roofing Supply, the companies said on Monday.
Shares of roofing materials distributor Beacon rose 8% before the bell.
The companies are negotiating a definitive agreement and Beacon is postponing its investor day scheduled for March 13.
Last week, QXO extended the deadline for its takeover offer for a second time, which was set to expire on March 10.
(Reporting by Utkarsh Shetti in Bengaluru; Editing by Shilpi Majumdar)
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