QXO Faces Stockholder Lawsuit Over TopBuild Merger Disclosures

QXO, Inc. announced a stockholder lawsuit challenging its merger with TopBuild Corp., alleging the board failed to disclose material information. Similar demand letters were also received. While denying the allegations, QXO and TopBuild are voluntarily supplementing the Joint Proxy Statement/Prospectus to prevent merger delays and litigation. The QXO Board reiterates its unanimous recommendation for stockholders to approve the merger proposals.