Berkshire Hathaway to Acquire Taylor Morrison for $8.5B at 24% Premium
BRKA•Berkshire Hathaway will acquire Taylor Morrison Home Corp in an all-cash deal valued at $8.5 billion including debt, paying $72.50 per share, a 24% premium over the May 29 closing price. This marks one of the first major transactions under CEO Greg Abel and expands Berkshire’s homebuilding footprint.
1. Acquisition Details
Berkshire Hathaway will acquire Taylor Morrison Home Corp in an all-cash transaction valued at $8.5 billion including debt, purchasing shares at $72.50 each, representing a 24% premium over the May 29 closing price.
2. Leadership and Timing
This marks one of Berkshire’s first major transactions under CEO Greg Abel, signaling continued commitment to housing despite elevated mortgage rates and affordability challenges.
3. Synergy with Existing Units
Taylor Morrison will integrate with Clayton Homes, Benjamin Moore, Johns Manville and Acme Brick, aiming to unify site-built home operations into a combined platform to deliver broader homeownership solutions.
4. Housing Market Context
US home prices have climbed 88% over the last decade while the supply gap exceeds four million units, underpinning Berkshire’s long-term investment thesis in resilient housing demand.
