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0.000335556394446594 0.000744515750178302 0.00394278763474686 0.00257958978230783 -0.000650140514240179 0.00106958600729833 0.00202382450400577 0.0046977895222516
Stock impact report

QXO acquiring TopBuild in $17 billion building products deal [Yahoo! Finance]

TopBuild Corp. (BLD) 
NASDAQ:AMEX Investor Relations: topbuild.com/investors/overview/default.aspx
Company Research Source: Yahoo! Finance
Under the terms of the offer , each TopBuild share can be exchanged for either $505 in cash or 20.2 QXO common shares, though the overall payout mix is structured so that cash makes up no more than 45% of the total deal value, with stock accounting for the remaining 55%. At $505 per share, QXO is offering a 23.1% premium over where TopBuild stock finished trading on April 17, at $410.31, says Reuters. Both companies' boards voted without dissent to approve the transaction. It requires shareholder approval from both QXO and TopBuild and is expected to close in the third quarter of 2026. "TopBuild will be our most significant acquisition yet, making QXO the second largest publicly traded building products distributor in North America, with more than $18 billion of combined company revenue and more than $2 billion of combined company adjusted EBITDA," QXO CEO Brad Jacobs said in a statement. The combination brings together QXO's roofing, waterproofing, and lumber-related building Show less Read more
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