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30.06.26 - 14:06
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QXO and TopBuild Announce Stockholder Election Results for Merger Consideration (Business Wire)
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GREENWICH, Conn. & DAYTONA BEACH, Fla.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) (“QXO”) and TopBuild Corp. (NYSE: BLD) (“TopBuild”) today announced the results of TopBuild stockholders' elections regarding the form of merger consideration (the “Merger Consideration”) to be received in connection with QXO's acquisition of TopBuild (the “Transaction”). As previously disclosed, the deadline for making an election was 5:00 p.m. Eastern Time on June 29, 2026 (the “Election Deadline”).
The parties expect the Transaction to close on or about July 1, 2026, subject to the satisfaction or waiver of customary closing conditions.
Before the Election Deadline, and as described in the election materials and in the parties' joint proxy statement/prospectus dated May 29, 2026, each eligible TopBuild stockholder could elect to receive, for each share of TopBuild common stock held before the closing of the Transaction, either (i) $505.00 in cash (the “Cash Consideration”) or (ii) 20.200 shares of ...
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29.06.26 - 17:42
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QXO and TopBuild Stockholders Overwhelmingly Approve QXO′s Acquisition of TopBuild (Business Wire)
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GREENWICH, Conn. & DAYTONA BEACH, Fla.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) (“QXO”) and TopBuild Corp. (NYSE: BLD) (“TopBuild”) today announced that stockholders of both companies overwhelmingly approved all proposals required for QXO to complete its acquisition of TopBuild at the companies' respective Special Meetings held today.
Approximately 99% of the votes cast at QXO's Special Meeting were in favor of approving the issuance of shares of QXO common stock in connection with the transaction. Approximately 78% of the votes cast at TopBuild's Special Meeting were cast in favor of adopting the merger agreement, representing approximately 65% of all outstanding shares.
The transaction is expected to close on or about July 1, 2026, provided that customary closing conditions are satisfied.
About QXO
QXO, Inc. (NYSE: QXO) is the largest publicly traded distributor of roofing, waterproofing, and related products and the second-largest publicly traded distributor of lumber and building materials i...
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12.06.26 - 13:06
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QXO Announces Early Tender Results of Cash Tender Offers and Consent Solicitations for Any and All of TopBuild Corp.′s 4.125% Senior Notes due 2032 and 5.625% Senior Notes due 2034 and Receipt of Requisite Consents (Business Wire)
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GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (“QXO”) (NYSE: QXO) announced the early tender results of the previously announced tender offers and consent solicitations (collectively, the “Tender Offers and Consent Solicitations”) by QXO's wholly-owned subsidiary, Titanium MergerCo, Inc., a Delaware corporation (the “Company”), for the (i) $500.0 million aggregate principal amount of outstanding 4.125% Senior Notes due 2032 and (ii) $750.0 million aggregate principal amount of outstanding 5.625% Senior Notes due 2034 (together, the “Notes”) of TopBuild Corp. (“TopBuild”). The Tender Offers and Consent Solicitations are being conducted in connection with QXO's pending acquisition of TopBuild (the “TopBuild Acquisition”).
The below table presents, according to information provided to the Company by D.F. King & Co., Inc., the information and tender agent (the “Information and Tender Agent”) for the Tender Offers and Consent Solicitations, the aggregate principal amount of Notes v...
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04.06.26 - 22:18
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QXO and TopBuild Announce Election Deadline for TopBuild Stockholders to Elect Merger Consideration (Business Wire)
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GREENWICH, Conn. & DAYTONA BEACH, Fla.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) (“QXO”) and TopBuild Corp. (NYSE: BLD) (“TopBuild”) today announced that the deadline for TopBuild stockholders of record to elect the form of consideration that they wish to receive in connection with the acquisition of TopBuild by QXO (the “Mergers”) is 5:00 p.m., Eastern Time on June 29, 2026 (such deadline, as it may be extended, the “Election Deadline”).
As further described in the election materials and in the parties' joint proxy statement/prospectus, dated May 29, 2026, each TopBuild stockholder may elect to receive, for each share of TopBuild common stock held prior to the closing of the Mergers, either (i) $505.00 in cash (the “cash consideration”) or (ii) 20.200 shares of QXO common stock (the “stock consideration”), in each case, subject to the election and proration procedures set forth in the merger agreement and the joint proxy statement/prospectus.
TopBuild stockholders who fail to make ...
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04.06.26 - 01:06
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QXO Announces Pricing of Senior Notes (Business Wire)
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GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) (“QXO” or the “Company”) announced today that its wholly owned subsidiary, QXO Building Products, Inc. (the “Issuer”), has priced its offering (the “Offering”) of $1.5 billion of 6.500% Senior Notes due 2031 (the “2031 Notes”) and $1.5 billion of 6.875% Senior Notes due 2034 (the “2034 Notes” and, together with the 2031 Notes, the “notes”) at par. The Offering is expected to close on June 17, 2026, subject to market and other conditions.
If the issuance of the notes closes prior to the consummation of previously announced acquisition (the “TopBuild Acquisition”) of TopBuild Corp. (“TopBuild”), the gross proceeds of the offering will be deposited into a segregated escrow account and the notes will be secured on a first-priority basis by the escrow account and the funds held in the escrow account until the consummation of the TopBuild Acquisition (the “Release Date”). The consummation of the TopBuild Acquisition...
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02.06.26 - 13:24
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QXO Announces Offering of Senior Notes (Business Wire)
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GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) (“QXO” or the “Company”) announced today that its wholly owned subsidiary, QXO Building Products, Inc. (the “Issuer”), intends to offer $1.5 billion in Senior Notes due 2031 (the “2031 Notes”) and $1.5 billion in Senior Notes due 2034 (the “2034 Notes” and, together with the 2031 Notes, the “notes”), subject to market and other conditions.
If the issuance of the notes closes prior to the consummation of previously announced acquisition (the “TopBuild Acquisition”) of TopBuild Corp. (“TopBuild”), the gross proceeds of the offering will be deposited into a segregated escrow account and the notes will be secured on a first-priority basis by the escrow account and the funds held in the escrow account until the consummation of the TopBuild Acquisition (the “Release Date”). The consummation of the TopBuild Acquisition is subject to customary closing conditions, including approval by the shareholders of TopBuild and QXO....
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24.04.26 - 22:48
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Are Robotaxis Coming to a City Near You? (Fool)
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Tesla is expanding its robotaxi offerings, plus serial acquirer QXO has made a transformative $17 billion acquisition of TopBuild to create the second-largest player in the construction industry....
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21.04.26 - 16:36
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Odd Lots: QXO′s Brad Jacobs on His Big Insulation Bet (Podcast) (Bloomberg)
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He's done it again. On Sunday night, building supply company QXO announced that it would be acquiring TopBuild for $17 billion. TopBuild sells and installs insulation for both the residential and commercial markets. For Brad Jacobs, the CEO of QXO, this is just the latest in a lifetime of deals he's made. In fact, he's made over 500 deals in his life across numerous public companies that he's founded, most of which have XO somewhere in the ticker. Brad's companies all tend to be highly focused o...
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