BLD TopBuild Corp

NEUTRAL Impact: 4/10 425
Horizon weeks Filed Jun 4, 2026 Processed 2d 1h ago SEC 0001104659-26-070562
Rule 425 M&A communications

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Executive Summary

TopBuild and QXO announced the June 29, 2026 deadline for TopBuild stockholders to elect between $505.00 cash or 20.200 QXO shares per BLD share in the pending acquisition. This is a procedural milestone in the deal process, confirming the joint proxy statement/prospectus was declared effective on May 29, 2026 and mailed to stockholders.

Actionable Insight

The deal is on track with a clear election deadline. BLD shares should trade near the implied deal value minus time value and risk of non-completion. Monitor for any stockholder opposition or regulatory developments ahead of the June 29 deadline.

Key Facts

  • Election deadline for TopBuild stockholders is 5:00 p.m. ET on June 29, 2026.
  • Stockholders may elect $505.00 cash per share or 20.200 QXO common shares per BLD share.
  • Stockholders who fail to elect will receive stock consideration.
  • Joint proxy statement/prospectus declared effective by SEC on May 29, 2026 and mailed to stockholders.
  • Equiniti Trust Company, LLC is the election agent; Innisfree M&A Incorporated is the information agent.

Financial Impact

Per-share consideration of $505 cash or 20.200 QXO shares; no aggregate deal value or premium disclosed in this filing.

deal considerationshareholder election

Risk Factors

  • Risk that required stockholder approvals may not be obtained.
  • Risk that the acquisition may not close on anticipated terms or at all.
  • Potential litigation or regulatory action relating to the acquisition.

Market Snapshot

Exchange
NYSE
Sector
Construction - Special Trade Contractors
Analyst Consensus
47% bullish (17 analysts)

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
425 Filing (Primary)0001104659-26-070562
Document: bld-20200505xex99d1.htm0001104659-26-070562
Document: 0001104659-26-070562-index-headers.html0001104659-26-070562
Document: 0001104659-26-070562-index.html0001104659-26-070562
Document: 0001104659-26-070562.txt0001104659-26-070562
26 reports for BLD
Performance horizon
62% Hit rate 8 of 13 directional calls best @ T+20▲ +22.72%Apr 7, 2026
Filters
Rows
Reports for BLD — sortable, filterable
Type Now
Jun 5, 2026
1d ago
ANALYST-DOWNGRADE
BEARISH ★ 4/10
$438.93 $408.84▲ +6.86%▲ +8.03%$401.82 (+8.45%)
Jun 5, 2026
1d ago
ANALYST-DOWNGRADE
BEARISH ★ 3/10
$438.93 $408.84▲ +6.86%▲ +8.03%$401.82 (+8.45%)
Jun 4, 2026
2d ago
425
NEUTRAL ★ 4/10
awaiting T+5
Jun 4, 2026
2d ago
8-K
NEUTRAL ★ 4/10
awaiting T+5
May 29, 2026
8d ago
DEFM14A
BULLISH ★ 7/10
awaiting T+5
May 21, 2026
16d ago
ANALYST-DOWNGRADE
MIXED ★ 3/10
$469.92 $435.15▼ −7.40%▼ −8.48%$401.82 (−14.49%)
May 16, 2026
21d ago
ANALYST-UPGRADE
BULLISH ★ 4/10
$404.33 $443.31▲ +9.64%▲ +7.72%$401.82 (−0.62%)
May 11, 2026
26d ago
425
BULLISH ★ 8/10
$424.63 $406.29▼ −4.32%▼ −4.23%$401.82 (−5.37%)
May 6, 2026
4w ago
ANALYST-DOWNGRADE
BEARISH ★ 5/10
$438.93 $416.79▲ +5.04%▲ +6.17%$401.82 (+8.45%)
May 6, 2026
4w ago
ANALYST-DOWNGRADE
BEARISH ★ 2/10
$438.93 $416.79▲ +5.04%▲ +6.17%$401.82 (+8.45%)
Showing 10 of 26

US Market Status

Market Closed — Opens Mon (14h 52m)

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