KeyBanc maintained its ‘Overweight’ rating despite lowering its price target.
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QXO (QXO) said Tuesday that stockholder elections have been completed for the merger consideration i
Most TopBuild shareholders opt for cash componentQXO, Inc. (NYSE:QXO) shares climbed 8% on Tuesday after the company announced the preliminary election results for shareholders of TopBuild Corp.
The multi-pronged approach gives shareholders some flexibility while moving the overall structure of the deal forward.
Morgan Stanley, Wells Fargo and Barclays have committed to provide $6 billion of debt financing split between $3 billion each of a senior secured term loan facility and a bridge facility to support QXO’s acquisition of TopBuild Corp. in a cash-and-stock deal valued at approximately $17 billion. Under the terms of the deal, TopBuild stockholders can elect to receive $505 per share in cash or 20.2 shares of QXO common stock for each TopBuild share held, with total consideration split at roughly 45
QXO's (QXO) planned acquisition of TopBuild (BLD) for about $17 billion is incrementally positive an