- Companies
May 31 (Reuters) – Berkshire Hathaway (BRKa.N), opens new tab has agreed to acquire Taylor Morrison Home Corporation (TMHC.N), opens new tab in an all-cash deal valued at about $8.5 billion, the companies jointly said on Sunday.
Under the agreement terms, Berkshire will acquire the homebuilder for $72.50 per common share in cash, valuing Taylor Morrison’s equity at around $6.8 billion. The offer represents a premium of about 24% to the company’s closing stock price of $58.50 on Friday.
Following the acquisition, Taylor Morrison will continue to operate under its existing management team, including Chief Executive Sheryl Palmer, and will become a privately held company. Its shares will no longer trade on the New York Stock Exchange once the transaction closes.
The companies expect the deal to close in the second half of 2026. Goldman Sachs (GS.N), opens new tab and Moelis (MC.N), opens new tab served as financial advisors to Taylor Morrison on the transaction.
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