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Berkshire Hathaway to buy Taylor Morrison for $8.5B

Berkshire Hathaway acquires Taylor Morrison for $8.5 billion. Cash offer of $72.50 per share.

Zoe Allen
ByZoe Allen- Senior Editor
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0
Berkshire Hathaway to buy Taylor Morrison for $8.5B
Photo: Prepared by Bond.az

Berkshire Hathaway, led by Warren Buffett, is set to acquire US homebuilder Taylor Morrison Home Corporation for $8.5 billion in enterprise value.

Berkshire will pay $72.50 per common share in cash, representing an equity value of about $6.8 billion.

The deal creates a powerful player in the housing market.

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