Why Is Beacon Roofing Supply Stock Surging Today?
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Beacon Roofing Supply (BECN) shares surged 7.7% to $119.66 following news of a potential $11 billion acquisition by QXO, Inc., which is currently conducting due diligence. Additionally, Beacon announced a strategic partnership with Renovate Robotics to develop autonomous roofing robots, enhancing safety and productivity for contractors. The Investor Day originally scheduled for March 13, 2025, has been postponed. CEO Julian Francis emphasized the alignment of Renovate's mission with Beacon's focus on safety and efficiency.
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