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QXO has agreed to acquire Beacon Roofing Supply in a deal that values the distributor of roofing, waterproofing and exterior products at about $11 billion, including debt.

Beacon Roofing Supply is in talks to be bought by QXO for about $11 billion including debt after rejecting an earlier takeover approach.

Beacon Roofing Supply has officially rejected a hostile takeover approach from QXO, setting the stage for a potentially protracted battle for control of the building supplies provider.

M&A specialists are eyeing a robust list of U.S. takeover candidates, with a buoyant economy, strong buyer appetite and a potentially looser regulatory regime seen driving more deals.

Beacon Roofing Supply Inc. has adopted a poison pill defense as the building products company pushes back against a hostile takeover approach from QXO Inc.

Beacon Roofing Supply has started soliciting interest from potential buyers as it looks to fend off an $11 billion takeover bid from rival QXO Inc., people familiar with the matter said.

Brad Jacobs, the executive chairman of less-than-truckload carrier XPO Inc., announced on Dec. 11 he plans to target the building products industry in his latest business venture.

XPO Logistics Chairman and CEO Brad Jacobs tells shareholders in a letter why he thinks the U.S. economy is primed for a big rebound.

Days before XPO Logistics Inc. plans to hold its annual shareholder meeting on May 15, the International Brotherhood of Teamsters is urging that the company’s board chairman be an independent director and that the chairman and CEO positions be split in two.

XPO Logistics reported profits skyrocketed 316% year-over-year in the third quarter, marking the eighth consecutive quarter in which the company surpassed year-ago levels.