Beacon Roofing Supply stock rose sharply on Wednesday after building-products distributor QXO made an $11 billion cash bid to acquire the company. Shares of Beacon Roofing Supply climbed 9.2% to $118.18 after QXO announced it had approached the company’s board with a proposal to acquire outstanding shares for $124.25 a share in cash, or $11 billion. In a letter to Beacon’s board, QXO CEO Brad Jacobs expressed his frustration with what he saw as “five months of anti-shareholder actions designed to frustrate a transaction.”