The all-cash deal values Taylor Morrison at a 24% premium to its last close and marks Berkshire CEO Greg Abel’s first major acquisition.
Berkshire Hathaway will buy homebuilder Taylor Morrison Home Corporation for $8.5 billion in cash, or $72.50 per share. The price reflects a 24% premium over Taylor Morrison’s $58.50 close on May 29 and implies an equity value of $6.8 billion.
Taylor Morrison shares jumped 22% in premarket trading following the announcement. The company operates over 350 communities across 12 states, targeting entry-level to resort-lifestyle buyers under its Taylor Morrison, Esplanade, and Yardly brands.
Greg Abel, Berkshire’s CEO since early 2026, led the deal without Warren Buffett’s involvement. Buffett told CNBC Abel executed the transaction faster and more smoothly than he could have.