Berkshire Hathaway Shares Up With Taylor Morrison Deal Vote Ahead
Berkshire Hathaway Inc. shares closed out the week up, with the Class B stock finishing Friday at $489.25, a 0.71% gain. Shares moved between $484.51 and $489.99 during the session, with 4.59 million shares traded. That was just ahead of the S&P 500, which added 0.50% on the day. Taylor Morrison Home put out a preliminary proxy on June 12, asking investors to back Berkshire’s planned all-cash buyout. The filing states Taylor Morrison shareholders would get $72.50 per share, about 24% over where the stock closed on May 29. The deal needs a majority of outstanding shares entitled to vote.