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ARIZONA BUSINESS

Berkshire Hathaway to acquire Scottsdale homebuilder in $8.5B deal

Scottsdale-based homebuilder Taylor Morrison Home Corp. is set to be acquired by Berkshire Hathaway Inc. in an $8.5 billion deal.

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Taylor Morrison Home Corp. is set to be acquired by Berkshire Hathaway Inc., in a move that will bring the Scottsdale-based homebuilder under the umbrella of one of America’s most valuable companies.

The companies jointly announced May 31 that they have reached a definitive agreement on a deal with a total enterprise value of $8.5 billion, including $6.8 billion in equity.

The deal is expected to close in the second half of 2026, subject to customary closing conditions, including approval by Taylor Morrison stockholders and receipt of required regulatory approvals.

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As expected, Taylor Morrison’s shares spiked on the news of the deal and gained $13.05, or 22.3%, to close at $71.55 on June 1.

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.

Comments

1 Comments

P
PsychOps Knows 2 months ago

Who is building homes? All I see are stick shacks with 2-car garages. You can get a shed at Home Depot for around $12k.

More rich people swapping funds.