MergerJun 29, 2026, 04:57 PM
QXO & TopBuild Stockholders Overwhelmingly Approve Merger Proposals
AI Summary
QXO, Inc. announced that its stockholders overwhelmingly approved the issuance of shares of common stock for the acquisition of TopBuild Corp. and an amendment to increase authorized shares. TopBuild Corp. stockholders also approved the merger agreement. The approvals were secured at respective special meetings held on June 29, 2026, with the transaction now expected to close around July 1, 2026.
Key Highlights
- QXO stockholders approved the QXO Share Issuance Proposal with 724,999,647 votes For.
- QXO stockholders approved the QXO Charter Amendment Proposal with 722,439,916 votes For.
- Approximately 99% of votes cast at QXO's Special Meeting were in favor of the share issuance.
- Approximately 78% of votes cast at TopBuild's Special Meeting were in favor of adopting the merger agreement.
- The transaction is expected to close on or about July 1, 2026.
Price Impact
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