May. 31 at 8:51 PM
Breaking:
$BRK.B just inked a deal to buy Taylor Morrison (
$TMHC) for
$8.5B,
$72.50 per share, giving it a
$6.8B equity tag.
This is huge for homebuilders,
$TMHC gets a premium exit,
$LEN and
$OPEN now trade in a new context as Berkshire signals confidence in housing.
If you’ve been chasing housing weakness, this is a wake-up call. Watch the sector closely, M&A like this usually ripples across peers fast.
