We recently published a list of Jim Cramer Put These 8 Stocks Under the Microscope. In this article, we are going to take a look at where Beacon Roofing Supply, Inc. (NASDAQ:BECN) stands against other stocks that Jim Cramer put under the microscope.

What Happened? Shares of roofing materials distributor Beacon Roofing Supply (NASDAQ:BECN) jumped 8.7% in the pre-market session after the company announced talks with QXO regarding a potential acquisition.

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Bank of New York Mellon Corp decreased its position in Beacon Roofing Supply, Inc. (NASDAQ:BECN – Free Report) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) stock is trading higher on Monday. The company announced QXO, Inc. (NYSE:QXO) may potentially acquire it for $124.35 per share in cash or a total consideration of approximately $11 billion.

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.

Beacon Roofing Supply and QXO have launched discussions about a potential combination in which Brad Jacobs’ company would acquire Beacon for around $7.7 billion.

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

Shares of Beacon Roofing Supply (BECN) surged about 7% amid a market sell-off Monday on news that the company was in discussions with technology solutions company QXO (QXO) to be acquired for $11 billion.