The deal marks Berkshire’s first major takeover since Warren Buffett stepped down as CEO at the end of 2023.
Berkshire Hathaway will purchase homebuilder Taylor Morrison Home Corp for $8.5 billion, its first acquisition since Warren Buffett’s departure as CEO. The all-cash offer values Taylor Morrison at $72.50 per share, a 24% premium over its last closing price of $58.50.
The transaction includes an equity value of $6.8 billion and matches the $8.5 billion enterprise value. Taylor Morrison shares closed at $58.50 on Friday, reflecting investor expectations ahead of the announcement.
Berkshire’s move signals renewed expansion in the housing sector, following a period of limited deal activity under Buffett’s successor.