The deal is on track with a clear election deadline. BLD shares should trade near the implied deal value minus time value and risk of non-completion. Monitor for any stockholder opposition or regulatory developments ahead of the June 29 deadline.
Price Chart
Executive Summary
TopBuild and QXO announced the June 29, 2026 deadline for TopBuild stockholders to elect between $505.00 cash or 20.200 QXO shares per BLD share in the pending acquisition. This is a procedural milestone in the deal process, confirming the joint proxy statement/prospectus was declared effective on May 29, 2026 and mailed to stockholders.
Key Financial Metrics
Key Facts
- Election deadline for TopBuild stockholders is 5:00 p.m. ET on June 29, 2026.
- Stockholders may elect $505.00 cash per share or 20.200 QXO common shares per BLD share.
- Stockholders who fail to elect will receive stock consideration.
- Joint proxy statement/prospectus declared effective by SEC on May 29, 2026 and mailed to stockholders.
- Equiniti Trust Company, LLC is the election agent; Innisfree M&A Incorporated is the information agent.
Financial Impact
Per-share consideration of $505 cash or 20.200 QXO shares; no aggregate deal value or premium disclosed in this filing.
Risk Factors
- Risk that required stockholder approvals may not be obtained.
- Risk that the acquisition may not close on anticipated terms or at all.
- Potential litigation or regulatory action relating to the acquisition.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001104659-26-070562 |
| Document: bld-20200505xex99d1.htm | 0001104659-26-070562 |
| Document: 0001104659-26-070562-index-headers.html | 0001104659-26-070562 |
| Document: 0001104659-26-070562-index.html | 0001104659-26-070562 |
| Document: 0001104659-26-070562.txt | 0001104659-26-070562 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 3, 2026 8w ago | Institutional Cluster | — | awaiting T+1 | — | — |
Jul 1, 2026 13w ago | 25-NSE | $354.53 $354.53 | · 0.00% | ▲ +0.13% | — |
Jun 29, 2026 13w ago | 8-K | $354.53 $354.53 | · 0.00% | ▲ +0.14% | — |
Jun 22, 2026 14w ago | 425 | $413.47 $407.41 | ▼ −1.47% | ▼ −0.01% | — |
Jun 22, 2026 14w ago | 8-K | $413.47 $407.41 | ▼ −1.47% | ▼ −0.01% | — |
Jun 22, 2026 14w ago | 425 | $413.47 $407.41 | ▼ −1.47% | ▼ −0.01% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $409.84 $411.08 | ▲ +0.30% | ▼ −0.24% | — |
Jun 4, 2026 17w ago | 425 | $401.82 $399.03 | ▼ −0.69% | ▼ −0.92% | — |
Jun 4, 2026 17w ago | 8-K | $401.82 $399.03 | ▼ −0.69% | ▼ −0.92% | — |
May 29, 2026 17w ago | DEFM14A | $412.19 $407.07 | ▼ −1.24% | ▼ −1.39% | — |
US Market Status
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