Berkshire Hathaway (BRK.B) Stock Completes $6.8 Billion Taylor Morrison Acquisition
TLDR
- Berkshire Hathaway acquired Taylor Morrison (TMHC) for $72.50 per share in cash, totaling $6.8 billion in equity value and $8.5 billion including debt.
- The deal represented a 24% premium to Taylor Morrison’s closing price on May 29.
- CEO Sheryl Palmer stays on to lead the combined homebuilding operation.
- Taylor Morrison will merge with Clayton Properties Group, creating the fourth largest homebuilder in the U.S.
- This is the first major acquisition under new Berkshire CEO Greg Abel, who replaced Warren Buffett earlier this year.
Berkshire Hathaway closed its acquisition of Taylor Morrison on July 24, paying $72.50 per share in cash. The deal values the homebuilder at $6.8 billion in equity and $8.5 billion when including debt.
Berkshire Hathaway $BRK.B has now invested $16.8B billion in the last 2 days under new CEO Greg Abel
– $10B in Google $GOOGL
– $6.8 billion in Taylor Morrison Home $TMHC pic.twitter.com/dmxKtxBXs8— Evan (@StockMKTNewz) June 2, 2026
The purchase price came in at a 24% premium to where TMHC stock closed on May 29. Taylor Morrison’s stock had previously traded on the New York Stock Exchange under the ticker “TMHC.”
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
