MergerJun 4, 2026, 04:28 PM
QXO & TopBuild Set June 29 Deadline for Merger Consideration Election
AI Summary
QXO, Inc. and TopBuild Corp. announced a joint press release setting the deadline for TopBuild stockholders to elect their preferred form of consideration in connection with QXO's acquisition of TopBuild. The deadline is 5:00 p.m. ET on June 29, 2026. Stockholders can choose between $505.00 in cash or 20.200 shares of QXO common stock per TopBuild share, subject to proration. Those who do not make an election will receive stock consideration.
Key Highlights
- Election deadline for TopBuild stockholders is June 29, 2026, at 5:00 p.m. ET.
- Stockholders can elect to receive $505.00 cash per TopBuild share.
- Alternatively, stockholders can elect to receive 20.200 shares of QXO common stock per TopBuild share.
- Consideration is subject to election and proration procedures in the merger agreement.
- TopBuild stockholders failing to make a proper election will receive QXO stock consideration.
- Cash will be provided in lieu of fractional QXO shares.
- The joint proxy statement/prospectus was declared effective May 29, 2026, and mailed to stockholders.
Price Impact
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