Investigation Probes Taylor Morrison’s $72.50-Per-Share Sale to Berkshire Hathaway
TMHC•Taylor Morrison Home Corporation is facing a shareholder rights investigation over its proposed $72.50-per-share sale to Berkshire Hathaway, with concerns that insiders may receive benefits not extended to ordinary investors. Shareholders are urged to explore legal options, including potential claims for increased consideration or additional disclosures.
1. Proposed Sale Agreement
Taylor Morrison Home Corporation has agreed to be acquired by Berkshire Hathaway for $72.50 per common share in cash. The transaction has been approved by the board and is pending shareholder vote and regulatory clearances.
2. Investigation Details
A shareholder rights law firm is investigating potential breaches of fiduciary duty, asserting that insiders may stand to receive financial benefits not available to ordinary shareholders. The firm is reviewing whether deal terms could limit superior competing offers or otherwise disadvantage investors.
3. Shareholder Options
Shareholders are encouraged to contact legal counsel at no cost or obligation to discuss their rights and options. Potential actions include seeking increased consideration, demanding additional disclosures, or pursuing other relief on a contingent fee basis.
