India, April 19 -- QXO Inc. (QXO) announced that it agreed to acquire TopBuild Corp. (BLD) for approximately $17 billion. The transaction is expected to be immediately and substantially accretive to QXO's earnings.
BLD closed at $410.31, up $22.20 or 5.72% as of April 17 . In overnight trading at 8:04:24 PM EDT, the stock rose further to $492.00, marking an increase of $81.69 or 19.91%.
TopBuild is a distributor and installer of insulation and related building products across North America. The boards of directors of both companies have unanimously approved the transaction, which remains subject to customary closing conditions, including shareholder approval. Closing is expected in the third quarter of 2026.
This acquisition follows QXO'...