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Shares of U.S. building products distributor and installer TopBuild (BLD.N) jumped nearly 20% in premarket trading on Monday, a day after the company agreed to be ​acquired by construction supplies distributor QXO (QXO.N) in a $17 billion deal amid industry-wide ‌consolidation.

Unanimously approved by both boards, the acquisition will make QXO the second-largest publicly traded building products distributor in North America, with more than $18 billion in combined annual revenue.

QXO shares ​were flat in premarket trading.