MergerJun 4, 2026, 04:48 PM
TopBuild Sets June 29 Deadline for Merger Consideration Election
AI Summary
TopBuild Corp. and QXO, Inc. announced the deadline for TopBuild stockholders to elect their preferred form of consideration for the acquisition of TopBuild by QXO. The election deadline is 5:00 p.m. ET on June 29, 2026. Stockholders can choose to receive either $505.00 in cash or 20.200 shares of QXO common stock for each TopBuild share, subject to proration. Those who do not make an election will receive QXO stock.
Key Highlights
- TopBuild stockholders' election deadline for merger consideration is June 29, 2026, at 5:00 p.m. ET.
- Stockholders can elect to receive $505.00 in cash per TopBuild share.
- Alternatively, stockholders can elect 20.200 shares of QXO common stock per TopBuild share.
- Consideration options are subject to election and proration procedures.
- Stockholders failing to make an election will receive QXO stock consideration.
- Fractional QXO shares will be paid in cash.
- The definitive joint proxy statement/prospectus was mailed around May 29, 2026.
Price Impact
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