Investing.com -- QXO is currently in negotiations for a potential deal with Beacon Roofing Supply (NASDAQ: BECN ), valued at approximately $11 billion, according to the companies on Monday.

The two companies are in the process of hammering out a definitive agreement.

In light of these ongoing negotiations, Beacon has decided to postpone its investor day, which was originally scheduled for March 13.

Beacon saw its shares rise by 7.11% in premarket trading.

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