Berkshire Hathaway Acquires Taylor Morrison Home in $8.5 Billion Deal
Berkshire Hathaway (BRK-B) has agreed to acquire homebuilder Taylor Morrison Home for $72.50 per share, or approximately $6.8 billion equity and $8.5 billion including debt. This marks the company's first major strategic acquisition under new CEO Greg Abel. The move comes amid weak housing data but signals a long-term bet on the industry.
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Topics: Berkshire Hathaway Homebuilders Real Estate Taylor Morrison Home