Beacon Roofing Supply is negotiating a potential $11 billion buyout from billionaire Brad Jacobs-run QXO, in a complete reversal after it rebuffed an earlier offer and adopted a poison pill to stave off a hostile takeover attempt.

The merger between Beacon Roofing Supply, Inc. and QXO, Inc. seems likely, ending merger arbitrage opportunities. Click here to read why BECN stock is a Hold.

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