Shares of TopBuild Corp. (BLD) are rising about 16 percent on Monday morning trading, possibly due to QXO, Inc.'s (QXO) announcement yesterday to acquire the company for $17 billion.
The company's shares are currently trading at $478.04 on the New York Stock Exchange, up 16.50 percent. The stock opened at $396.62 and has climbed as high as $489.26 so far in today's session. Over the past year, it has traded in a range of $273.87 to $559.47.
The boards of directors of both companies have unanimously approved the transaction, which remains subject to customary closing conditions, including shareholder approval. Closing is expected in the third quarter of 2026.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.