Berkshire Hathaway to Acquire Taylor Morrison for $6.8 Billion in Cash
Berkshire Hathaway agreed to buy Taylor Morrison Home Corp. for $50 per share in cash, valuing the homebuilder at $8.5 billion including debt. The deal marks Greg Abel’s first major acquisition since becoming CEO on January 1, 2025.
nypost.comBerkshire Hathaway agreed to acquire Taylor Morrison Home Corp. for $50 per share in cash. 5 billion including debt.
Taylor Morrison ranks as the country’s sixth-largest homebuilder by closings. R. Horton, Lennar and PulteGroup in the sector, according to housing analyst Lance Lambert.
The purchase is Berkshire Hathaway’s first major acquisition since Greg Abel became chief executive on January 1, 2025. Abel presided over the company’s annual shareholders meeting for the first time as CEO last month. Berkshire Hathaway’s cash holdings have reached a record $400 billion.
Warren Buffett, 95, who led the company for 60 years and now serves as chairman, said he had no role in the negotiations. “Greg did that faster than I could have done it, smoother than I could have done it, and I never talked to the CEO,” Buffett told CNBC’s Becky Quick. The price equals nine times Taylor Morrison’s tangible book value, according to Citizens analyst James McCandless.
Taylor Morrison Chairman and CEO Sheryl Palmer will remain in her role after the transaction closes. Mortgage rates have remained above 6 percent for an extended period. Builders have offered incentives for more than a year as affordability reached near-decade lows.
Greg Abel hinted that he may depart from Warren Buffett’s longtime hands-off operating model at Berkshire Hathaway, AP News reported.
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