Berkshire Hathaway buys Taylor Morrison for $8.5 billion
Berkshire Hathaway will buy Taylor Morrison for 8.5 billion dollars. The all-cash deal expands the firm's presence in the site-built housing market.
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BERKSHIRE HATHAWAY INC-CL A agreed to acquire TAYLOR MORRISON HOME CORP for $8.5 billion in an all-cash transaction. The $72.50 per share offer represents a 24% premium over the Friday evening closing price of $58.50. The deal expands Berkshire's housing footprint beyond manufactured homes into the site-built residential market across 12 states.
### Expanding the Housing Portfolio BERKSHIRE HATHAWAY INC-CL A will pay $72.50 per share to take the homebuilder private. The total equity value reaches $6.8 billion within the $8.5 billion transaction.
