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Correction: Berkshire Hathaway to Acquire Taylor Morrison Home for $6.8 Billion in Cash

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(Corrects to reflect an enterprise value of $8.5 billion in the first paragraph.)

Taylor Morrison Home (TMHC) has agreed to be acquired by Berkshire Hathaway (BRK.A, BRK.B) for $6.8 billion in cash and a total enterprise value of about $8.5 billion, the companies said Sunday.

The price for the acquisition was $72.50 per share, a 24% premium to Taylor Morrison's latest closing price of $58.50 seen on May 29, the companies said.

Following the anticipated H2 2026 closing of the deal, which still needs approval from Taylor Morrison stockholders and regulators, Taylor Morrison will continue to be led by its existing management team, including Chief Executive Officer Sheryl Palmer, the companies said.

After closing, Taylor Morrison Home will become a private company and its shares will be delisted from the New York Stock Exchange, the companies said.

Taylor Morrison shares were up nearly 24% in recent premarket activity.

Price: $71.64, Change: $+13.14, Percent Change: +22.46%

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