MergerJun 29, 2026, 04:56 PM
TopBuild Stockholders Approve QXO Merger with 78% Vote
AI Summary
TopBuild Corp. stockholders overwhelmingly approved the merger agreement with QXO, Inc. at a special meeting held on June 29, 2026, with approximately 78% of votes cast in favor. Concurrently, QXO stockholders also approved the issuance of shares related to the transaction with approximately 99% of votes cast. The merger is anticipated to close on or about July 1, 2026, pending customary closing conditions. Stockholders also approved, on an advisory basis, executive compensation related to the merger.
Key Highlights
- TopBuild stockholders approved the merger agreement with 78% of votes cast.
- QXO stockholders approved share issuance for the merger with 99% of votes cast.
- The merger is expected to close on or about July 1, 2026.
- 18,198,701 shares voted "For" the TopBuild Merger Proposal.
- 28,024,568 shares of common stock were outstanding on the record date.
- A quorum was met with approximately 84% of outstanding shares represented.
- The TopBuild Compensation Proposal was approved with 27,705,362 votes "For".
Price Impact
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