QXO Inc. has reached an agreement to acquire Beacon Roofing Supply for $11 billion in an all-cash deal, effectively ending a hostile takeover battle. The acquisition will see Beacon Roofing's shares valued at $124.35, representing a 14.2% premium over the previous hostile proposal price of $124.25. The tender offer has been extended until March 31. Beacon Roofing, based in Herndon, Virginia, is a leading distributor of asphalt roofing products. This acquisition comes as QXO aims to consolidate its position in the building products sector, following a competitive landscape where major players like Home Depot have made significant moves in the market.