Berkshire Hathaway to Buy Taylor Morrison Home for $8.5 Billion
Berkshire Hathaway agreed to buy the sixth-largest U.S. homebuilder for $72.50 per share in cash. The deal values Taylor Morrison at $8.5 billion including debt and marks Greg Abel’s first major acquisition as CEO.
nypost.comBerkshire Hathaway agreed to acquire Taylor Morrison Home Corp. 50 per share in cash. 5 billion including debt.
Taylor Morrison is the country’s sixth-largest homebuilder by closings. Berkshire Hathaway owns Clayton Homes, which it acquired in 2003. S.
R. Horton, Lennar and PulteGroup, 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 Berkshire Hathaway 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. 9 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.
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