Taylor Morrison Shares Soar 20%+ Premarket on $6.8B Berkshire Hathaway Takeover
TMHC sits 32% above its 52-week low of $54.15.
Summary
Taylor Morrison Home Corp shares surged over 20% in premarket trading following the announcement that Berkshire Hathaway will acquire the company for $6.8 billion in cash, or $72.50 per share. This represents a significant 24% premium over Friday's closing price. This news follows yesterday's initial reports of Berkshire Hathaway's intent to acquire the homebuilder for an enterprise value of $8.5 billion, with today's article providing the specific cash offer and premium. The acquisition provides a substantial return for TMHC shareholders and marks a major strategic move for Berkshire Hathaway. The deal is expected to close in the second half of 2026, pending regulatory approvals.
At the time of this announcement, TMHC was trading at $71.26 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $5.5B. The 52-week trading range was $54.15 to $72.50. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.