QXO reports 99.5%+ tender of TopBuild notes; 91% of TopBuild shares elect cash in merger

QXO, Inc.

Tender offers accepted $497.7M of 2032 notes (99.54%) and $748.1M of 2034 notes (99.75%).
Settlement expected July 1, 2026, contingent on closing of QXO's acquisition of TopBuild.
TopBuild stockholders: 91% elected cash, 1.4% stock, 7.6% deemed stock; proration yields ~$249.71 cash + 10.211 QXO shares per share.
Transaction expected to close on or about July 1, 2026, subject to customary conditions.

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