TopBuild Announces $17 Billion Acquisition by QXO, Driving Stock Up Over 19%
TopBuild (NYSE: BLD) announced a $17 billion acquisition by QXO (NYSE: QXO), leading to a more than 19% surge in TopBuild's stock. The deal values TopBuild at $505 per share, a nearly 20% premium to its 60-day weighted average price. The acquisition is expected to close in the third quarter of 2026.
Topics: Acquisition Premium Corporate Strategy M&A Stock Price Movement