QXO to acquire TopBuild; $505 cash or 20.200 shares per TopBuild share (BLD)

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QXO, Inc. has entered into a definitive merger agreement to acquire TopBuild Corp. TopBuild shareholders will receive either $505 in cash or 20.200 QXO shares for each TopBuild share, subject to proration and a 45% cash / 55% stock allocation cap. The acquisition is structured as a two-step merger and requires approvals from both TopBuild and QXO stockholders, as well as regulatory clearances and financing commitments totaling $6.0 billion.

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