QXO to Buy TopBuild; USA Rare Earth; American 'Not Interested' in United Merger
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- QXO Inc. (QXO) said it’s acquiring insulation company TopBuild Corp. (BLD) for about $17 billion, making QXO the second-largest publicly traded building products distributor in North America. QXO’s offer values TopBuild at $505 per share, a 23% premium to the stock’s closing price of $410.31 on Friday. QXO plans to pay up to a cap of 45% of the aggregate transaction value in cash and offer up to 20.2 shares of its common stock for the remainder. The transaction, which is expected to…
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