QXO agrees to buy TopBuild for about $17 billion
QXO's roughly $17 billion TopBuild deal would make Brad Jacobs's company the second-largest public building-products distributor in North America, with holders able to elect $505 cash or 20.2 QXO shares per TopBuild share.
From the sources (6 posts)
@businessQXO Inc. said it’s acquiring insulation company TopBuild Corp. for about $17 billion, making QXO the second-largest publicly traded building products distributor in North America.
@reutersQXO to buy commercial roofing firm TopBuild for $17 billion
@ftQXO to buy insulation company TopBuild in $17bn deal
@junkbondinvestQXO buying TopBuild for $17B (55% stock) at 14.9x EBITDA (pre-synergies) Public consolidators paying premium multiples while PE-owned peers trade distressed Winners consolidate. Losers restructure.
@negligible_cap*QXO TO ACQUIRE TOPBUILD FOR $17 BILLION $QXO buying $BLD for $17B Brad Jacob’s is putting the war chest to use with a monster acquisition TopBuild stockholders will have the right to elect to receive $505 in cash or 20.2 shares of QXO
@jimcramerQXO shelling out $17 billion for TopBuild. Very aggressive. VERY! good for the tape