QXO and TopBuild Announce Election Deadline for TopBuild Stockholders to Elect Merger Consideration

Mais algumas informações, existe um limite de 45% das ações para pagamento em dinheiro:
The transaction values each TopBuild share at $505, representing a premium of 19.8% to TopBuild’s 60-day volume-weighted average price and 23.1% to TopBuild’s closing price on Friday, April 17, 2026. Under the terms of the agreement, TopBuild stockholders will have the right to elect to receive $505 in cash or 20.2 shares of QXO common stock for each TopBuild share held, subject to proration, on the condition that the total transaction consideration is paid as approximately 45% in cash and 55% in shares of QXO common stock. The maximum cash proceeds will be capped in aggregate at 45% of the transaction consideration. QXO may increase the maximum amount of stock consideration in the transaction if TopBuild stockholders elect to receive more than 55% of the consideration in shares of QXO common stock.

Fonte: https://investors.qxo.com/news/news-details/2026/QXO-to-Acquire-TopBuild-for-17-Billion/default.aspx

Eu acho que isso explica a alta correlação dos preços das duas empresas nas últimas semanas. O mercado já precificou o pagamento de 45% em dinheiro e 55% em stock da QXO, que é o mais provável de acontecer por causa do premium oferecido no pagamento em dinheiro.

@huoya você poderia, por favor, cadastrar a QXO?

QXO and TopBuild Stockholders Overwhelmingly Approve QXO’s Acquisition of TopBuild
June 29, 2026

The transaction is expected to close on or about July 1, 2026, provided that customary closing conditions are satisfied.

https://investors.qxo.com/news/news-details/2026/QXO-and-TopBuild-Stockholders-Overwhelmingly-Approve-QXOs-Acquisition-of-TopBuild/default.aspx

QXO and TopBuild Announce Stockholder Election Results for Merger Consideration
June 30, 2026

- TopBuild stockholders of record representing approximately 91.0% of the outstanding shares of TopBuild common stock elected to receive the Cash Consideration. In accordance with the proration procedures in the merger agreement, those shares were converted into the right to receive approximately $249.71 in cash and 10.211 shares of QXO common stock for each share of TopBuild common stock, subject to final calculations by the exchange agent;

- TopBuild stockholders of record representing approximately 1.4% of the outstanding shares of TopBuild common stock elected to receive the Stock Consideration;

- TopBuild stockholders of record representing approximately 7.6% of the outstanding shares of TopBuild common stock did not make a valid election or did not deliver a valid election by the Election Deadline and are therefore deemed to have elected to receive the Stock Consideration in accordance with the terms of the merger agreement.

https://investors.qxo.com/news/news-details/2026/QXO-and-TopBuild-Announce-Stockholder-Election-Results-for-Merger-Consideration/default.aspx