business / news / / International Business Times
QXO Inc. will pay $505 per share for TopBuild, representing a 23.1% premium to Friday's closing price of $410.31.
QXO Inc. is acquiring TopBuild for $17 billion in a cash-and-stock deal at a 23.1% premium.
KEY POINTS
- TopBuild shareholders can choose $505 cash or 20.2 QXO shares per TopBuild share, subject to mix proration.
- The merged entity will exceed $18 billion annual revenue and expects $300 million in synergies by 2030.
- A $600 million termination fee applies if TopBuild accepts a superior offer, with matching rights for QXO.
- QXO will add a TopBuild nominee to its board and expects to close the deal by Q3 2026.
COMPANIES
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