Taylor Morrison Shares Leap Premarket on Takeover by Berkshire Hathaway
By Colin Kellaher
Shares of Taylor Morrison Home jumped more than 20% in premarket trading Monday after the home builder agreed to be acquired by Berkshire Hathaway for about $6.8 billion in cash.
Berkshire on Sunday said it would pay $72.50 a share for Taylor Morrison, a 24% premium to Friday's closing price of $58.50 for the Scottsdale, Ariz., company.
Taylor Morrison shares were recently up nearly 23% to $71.70 in premarket trading.
The deal, which carries a total enterprise value of roughly $8.5 billion, is expected to close in the second half of 2026.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
June 01, 2026 06:08 ET (10:08 GMT)
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