QXO announced that its stockholders have approved all proposals related to the company's pending acquisition of TopBuild Corp. The approvals were granted during a special meeting held on June 29, 2026, marking a critical step toward the completion of the merger.
Key Details
- Proposals Approved: Stockholders approved the issuance of QXO common stock as consideration for the merger and an amendment to increase the number of authorized common shares from 2 billion to 4 billion.
- Voting Results: Approximately 99% of the votes cast at QXO’s special meeting were in favor of approving the issuance of shares for the transaction.
- Expected Closing: The acquisition is now expected to close on or about July 1, 2026, subject to the satisfaction of customary closing conditions.