Berkshire Hathaway To Acquire Taylor Morrison
Berkshire Hathaway To Acquire Taylor Morrison via a $72.50 per share all-cash offer that sets a takeover price, prompts a proxy vote and will delist stock.
KEY TAKEAWAYS
- Berkshire agreed to acquire Taylor Morrison for $72.50 per share in cash, implying about $6.8 billion equity value.
- The price represented a 24.0% premium to the target's prior close of $58.50.
- The deal was expected to close in second half of 2026 subject to shareholder and regulatory approvals.
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Berkshire Hathaway Inc. will acquire Taylor Morrison Home Corporation under a definitive all-cash merger agreement announced on May 31, 2026. The deal will take the homebuilder private, subject to shareholder and regulatory approvals.
Deal Terms, Approvals, and Management
Berkshire Hathaway will pay $72.50 per Taylor Morrison common share in cash, implying an equity value of approximately $6.8 billion and an enterprise value near $8.5 billion based on Taylor Morrison’s net debt as of March 31, 2026. The price represents a 24.0% premium to Taylor Morrison’s closing price of $58.50 on May 29, 2026. Upon closing, Taylor Morrison will become a wholly owned, privately held subsidiary of Berkshire Hathaway, and its common stock will be delisted from the New York Stock Exchange.
The transaction is expected to close in the second half of 2026, contingent on approval by Taylor Morrison stockholders and receipt of customary regulatory approvals. Taylor Morrison will file a proxy statement with the U.S. Securities and Exchange Commission containing additional transaction details. The companies emphasized that any solicitation of votes will occur only through definitive proxy materials filed with the SEC.
Berkshire’s chief executive, Greg Abel, described Taylor Morrison as a “best-in-class national homebuilder, led by an exceptional team and backed by a trusted reputation for customer experience.” Taylor Morrison’s chairman and CEO, Sheryl Palmer, and the existing management team are expected to continue leading the company after closing. The parties said the transaction delivers “significant and certain value” for shareholders while providing employees and partners the opportunity to pursue growth with Berkshire’s support.
Taylor Morrison retained Goldman Sachs & Co. LLC and Moelis & Company LLC as financial advisers, Simpson Thacher & Bartlett LLP as legal counsel, and Mayer Brown LLP as financial-services regulatory counsel. Berkshire’s advisers were not disclosed. Neither company provided forward earnings or revenue guidance or specific operational targets in the announcement.
