Berkshire Hathaway to Acquire Taylor Morrison for $72.50 Per Share in Cash
Berkshire Hathaway (BRK-B) and Taylor Morrison (TMHC) have entered a definitive agreement for Berkshire to acquire Taylor Morrison for $72.50 per share in cash, representing a 24% premium over the last closing price. The deal values Taylor Morrison at approximately $6.8B in equity and $8.5B enterprise value.
Key Numbers
Berkshire Hathaway Inc. (BRK-B) and Taylor Morrison Home Corporation (TMHC) jointly announced a definitive agreement under which Berkshire will acquire Taylor Morrison for $72.50 per common share in cash. The transaction implies a total equity value of approximately $6.8 billion and a total enterprise value of approximately $8.5 billion. The acquisition price represents a 24% premium to Taylor Morrison's latest closing price of $58.50 on May 29, 2026.
Deal Details
| Item | Value |
|---|---|
| Price per share | $72.50 cash |
| Equity value | $6.8 billion |
| Enterprise value | $8.5 billion |
| Premium to last close | 24% |
| Payment method | All cash |
Rationale for the Deal
Berkshire Hathaway continues to expand its presence in the real estate and homebuilding sector, leveraging its vast resources to acquire a well-established player. Taylor Morrison will benefit from Berkshire's financial strength and long-term investment horizon to accelerate its growth plans.
Regulatory Hurdles
The transaction is subject to customary regulatory approvals, including antitrust review. Given the complementary nature of the businesses, approval is expected. No specific timeline for closing has been announced.
Impact on Stocks
Taylor Morrison shares (TMHC) are expected to rise toward the offer price of $72.50, while Berkshire Hathaway (BRK-B) may see limited movement due to the deal's relatively small size compared to Berkshire's massive market capitalization.
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