QXO shareholders approve TopBuild acquisition

• QXO (NYSE:QXO) and TopBuild (NYSE:BLD) stockholders approved all proposals needed for the planned acquisition.
• About 99% of QXO votes and 78% of TopBuild votes supported the transaction.
• The deal is expected to close around July 1, 2026, pending standard closing conditions.

QXO (NYSE:QXO) said its stockholders approved the issuance of shares needed to complete its acquisition of TopBuild (NYSE:BLD), alongside separate approval from TopBuild shareholders for the merger agreement.

The approval marks a key step in the transaction process, with both companies meeting voting thresholds required to proceed toward closing.

Approximately 99% of votes cast at QXO’s special meeting supported issuing shares for the deal, while 78% of TopBuild votes were in favor of the merger, representing about 65% of all outstanding shares.

The companies said the transaction remains subject to customary closing conditions before completion.

TopBuild is a U.S. installation and distribution company focused on insulation and building materials, while QXO is pursuing expansion through strategic acquisitions.

The companies expect the acquisition to close on or about July 1, 2026, assuming final regulatory and procedural requirements are met.