With shareholder approval secured and a July 1 close expected, BLD will soon cease to trade as an independent company. Traders should monitor for any last-minute regulatory or cross-filing conditions but the primary risk of deal failure has been removed. Position accordingly.
Price Chart
Executive Summary
TopBuild stockholders voted to approve the merger with QXO, with 78% of votes cast in favor (65% of all outstanding shares). The acquisition is expected to close on or about July 1, 2026, clearing the final shareholder approval hurdle. This filing confirms the deal is on track for near-term completion, eliminating deal-closing uncertainty.
Key Facts
- Special meeting held June 29, 2026; 84% of outstanding shares represented (quorum)
- 18,198,701 shares voted FOR the merger; 5,243,756 AGAINST; 9,119 abstain
- Approximately 78% of votes cast (65% of all outstanding shares) approved the merger
- Transaction expected to close on or about July 1, 2026
- No broker non-votes; all three proposals were non-routine
Financial Impact
Transaction details (e.g., per-share consideration) not disclosed in this filing; prior merger agreement valued the deal but no figures provided here. Closing expected within 2 days.
Risk Factors
- Customary closing conditions have not been formally satisfied as of this filing
- Cumulative historical performance on BLD reports shows negative T+20 alpha; past bullish calls have underperformed
- Post-merger integration risk and potential disruption to business operations
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-078885 |
| Document: bld-20260629xex99d1.htm | 0001104659-26-078885 |
| Document: 0001104659-26-078885-index-headers.html | 0001104659-26-078885 |
| Document: 0001104659-26-078885-index.html | 0001104659-26-078885 |
| Document: 0001104659-26-078885.txt | 0001104659-26-078885 |
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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