Berkshire Hathaway agreed to buy Taylor Morrison Home Corporation in an all-cash deal valuing the transaction at about $8.5 billion, paying $72.50 per share — implying an equity value of roughly $6.8 billion and a ~24% premium to Friday’s close of $58.50. Taylor Morrison, founded in 2013, builds residential homes and lifestyle communities across 12 U.S. states. Berkshire CEO Greg Abel said the deal expands Berkshire’s exposure to site-built homes and should allow gradual integration of operation

Berkshire Hathaway agreed to buy Taylor Morrison Home Corporation in an all-cash deal valuing the transaction at about $8.5 billion, paying $72.50 per share — implying an equity value of roughly $6.8 billion and a ~24% premium to Friday’s close of $58.50. Taylor Morrison, founded in 2013, builds residential homes and lifestyle communities across 12 U.S. states. Berkshire CEO Greg Abel said the deal expands Berkshire’s exposure to site-built homes and should allow gradual integration of operations; Berkshire’s prior homebuilding focus has centered on Clayton Homes, acquired in 2003.