Berkshire Hathaway Acquires Taylor Morrison for $8.5 Billion at a Discounted Valuation
Berkshire Hathaway (BRK-B) has acquired Taylor Morrison Home Corp (TMHC) in an $8.5 billion deal, marking Greg Abel's first major acquisition since succeeding Warren Buffett as CEO. The purchase was made at an 8x EBITDA multiple during a downturn for the homebuilding sector and when TMHC traded below book value.
Tickers: $TMHC
Topics: Berkshire Hathaway Greg Abel Homebuilding industry Taylor Morrison