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Berkshire Hathaway acquires Taylor Morrison for $8.5 billion in all-cash housing deal

By

WATCH LIVE

16h ago· 2 min readenNews

Summary

Berkshire Hathaway has agreed to acquire homebuilder Taylor Morrison in an all-cash deal valued at approximately $8.5 billion, paying $72.50 per share — a 24% premium over the closing price. The acquisition expands Berkshire's housing portfolio, which has long centered around Clayton Homes.

Key quotes

· 4 pulled
Berkshire Hathaway has agreed to acquire Taylor Morrison Home in an all-cash deal valued at about $8.5 billion
Under the 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
The deal underscores Berkshire's long-standing interest in housing, historically centered around Clayton Homes
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The offer represents a premium of about 24% to Taylor Morrison's closing stock price of $58.50 on Friday.

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