QXO Inc. said it has agreed to acquire TopBuild Corp. in a transaction valued at about $17 billion, a move that would broaden its presence across several building products categories in North America.
The building materials distribution platform declined after closing a major acquisition, while interest rates and oil prices rose.
No new acquisitions were announced in March. Brad Jacobs has shown he won't overpay. Another deal could drive QXO shares back to recent highs. 10 stocks we like better than QXO › QXO(NYSE: QXO) CEO ...