QXO completes $6.4B cash + stock acquisition of TopBuild; expects $300M+ annual synergies by 2030

QXO, Inc.

QXO issued ~312.5M shares and paid ~$6.4B cash; TopBuild holders got ~$249.67 cash + 10.212 QXO shares per share.
QXO added $3.0B incremental term loan facility maturing 2033 to fund the deal.
Alec Covington (TopBuild's former Chairman) joins QXO Board; Jared Kushner resigns.
Madeline Otero appointed Interim CAO; base salary $400k, target bonus 65%, equity award $600k.
QXO now #1 in insulation and waterproofing, #2 in roofing; expects at least $300M annual synergies by 2030.

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