QXO (QXO) and TopBuild (BLD) shareholders approved all proposals required for QXO to complete its acquisition of TopBuild at special meetings on Monday, the companies said.
About 99% of the votes at QXO's special meeting approved the issuance of QXO shares to complete the transaction. About 78% of the votes at TopBuild's meeting favored the merger, representing nearly 65% of all outstanding shares, according to the statement.
The transaction is expected to close on or about Wednesday, subject to the satisfaction of customary closing conditions.
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