QXO to Acquire TopBuild for $17 Billion in Cash and Stock, Offering Significant Premium to Shareholders
BLD sits 80% above its 52-week low of $273.87.
Summary
TopBuild Corp. has entered into a definitive merger agreement to be acquired by QXO, Inc. for approximately $17 billion, with shareholders receiving $505.00 per share in a cash and stock transaction.
Key Events · M&A and Partnerships · BLD
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Definitive Merger Agreement
QXO, Inc. will acquire TopBuild Corp. for approximately $17 billion, as per a definitive merger agreement signed on April 18, 2026. This follows the Reuters news report on April 19, 2026, providing official terms.
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Shareholder Consideration
TopBuild shareholders can elect to receive $505.00 in cash or 20.200 shares of QXO common stock for each TopBuild share, subject to proration, with the total consideration split approximately 45% cash and 55% stock. The offer price represents a 23.1% premium to TopBuild's closing price on April 17, 2026.
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Board Approvals
The boards of directors of both TopBuild and QXO have unanimously approved the Merger Agreement and recommended it to their respective shareholders.
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Anticipated Synergies
QXO expects to achieve approximately $300 million in run-rate EBITDA synergies by 2030 from the integration of TopBuild.
Analysis · BLD · Real Estate & Construction
This filing officially confirms the definitive merger agreement for QXO to acquire TopBuild Corp. for approximately $17 billion, following the Reuters news report yesterday. The transaction offers TopBuild shareholders a substantial premium of 23.1% over the stock's closing price on April 17, 2026, with an election for cash or QXO stock. This is a transformational event for TopBuild, as it will become a wholly-owned subsidiary of QXO, fundamentally altering its investment thesis. The combined entity is projected to become a major player in the building products distribution industry, with significant anticipated synergies and expanded market leadership.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 42.7% of the 288 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.53%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BLD was trading at $492.00 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $11.5B. The 52-week trading range was $273.87 to $559.47. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.