QXO announced the final results of its tender offers for TopBuild Corp.'s senior notes and the results of the TopBuild stockholder election for merger consideration. These results are key steps toward the completion of QXO's acquisition of TopBuild, which is expected to close on or about July 1, 2026.
Key Details
- Tender Offer Results: The tender offer for TopBuild's notes, which expired June 29, 2026, was highly successful. Approximately 99.54% ($497.7M) of the 4.125% Senior Notes due 2032 and 99.75% ($748.1M) of the 5.625% Senior Notes due 2034 were validly tendered.
- Stockholder Election: TopBuild stockholders representing approximately 91% of outstanding shares elected to receive cash consideration. Due to proration, these stockholders will receive approximately $249.71 in cash and 10.211 shares of QXO common stock for each share of TopBuild.
- Acquisition Timeline: The settlement of the tender offers and the closing of the TopBuild acquisition are both expected to occur on or about July 1, 2026, subject to customary closing conditions.