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0.000373383419513161 -1.13146490761486E-05 0.00102963306593042 0.000780710786254897 -0.00408458831649338 -0.00777316391532117 -0.00987768864348674 -0.00849730145619533
Stock impact report

QXO secures $6B financing commitment for $17B TopBuild acquisition [Yahoo! Finance]

TopBuild Corp. (BLD) 
NASDAQ:AMEX Investor Relations: topbuild.com/investors/overview/default.aspx
Company Research Source: Yahoo! Finance
term loan facility and a bridge facility to support QXO 's acquisition of TopBuild Corp . in a cash-and-stock deal valued at approximately $17 billion. Under the terms of the deal, TopBuild stockholders can elect to receive $505 per share in cash or 20.2 shares of QXO common stock for each TopBuild share held, with total consideration split at roughly 45% in cash and 55% in stock. The cash portion will be capped at 45% of total consideration and will also be funded with a $1 billion drawdown on a prior preferred equity commitment and cash on hand. The per-share price represents premiums of 19.8% to TopBuild's 60-day VWAP and 23.1% to the April 17 closing price. Closing is expected in Q3, subject to shareholder approval at both companies and regulatory approvals. The purchase price is a 14.9x multiple of TopBuild's adjusted EBITDA for 2025, or 11.8x including expected synergies. In 2025, TopBuild generated approximately $6.2 billion of net sales and approximately $1.14 billion of a Show less Read more
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