Taylor Morrison Jumps After Berkshire Buys Stake in $8.5 Billion Deal
Berkshire Hathaway is buying Taylor Morrison Home Corp. for $72.50 a share in cash, sending Taylor Morrison shares higher on Monday. The deal values the Scottsdale, Arizona-based builder at about $6.8 billion in equity, or $8.5 billion including debt and stock. The agreement comes as the housing market continues to deal with high mortgage rates.