Feb. 13 at 2:55 PM
Shares of Tri Pointe Homes Inc surged after the homebuilder agreed to be acquired by Japan’s Sumitomo Forestry in an all-cash deal valued at approximately
$4.5 billion.
Under the terms, Tri Pointe shareholders will receive
$47.00 per share, representing a 29% premium to the company’s February 12 closing price and a 42% premium to its 90-day volume-weighted average price. The offer also exceeds Tri Pointe’s prior record closing high.
The acquisition expands Sumitomo Forestry’s U.S. footprint, adding more than 150 active communities across 13 high-growth states. Tri Pointe delivered over 6,400 homes in 2024 and has built more than 58,000 homes over its 17-year history.
CEO Doug Bauer said the partnership reflects Tri Pointe’s differentiated strategy, premium brand, and design-driven approach.
$TPH