Taylor Morrison Home stockholders approved the company's $72.50-per-share all-cash acquisition by Berkshire Hathaway Inc. at a special meeting July 22. The deal, valued at roughly $6.7 billion, will make the homebuilder a wholly owned subsidiary of Berkshire Hathaway.
Taylor Morrison Home stockholders approved the company's $6.7 billion all-cash acquisition by Berkshire Hathaway Inc., clearing the final major hurdle for the deal.
"Stockholders voted in favor of the agreement and plan of merger," Sheryl Palmer, chairman and chief executive officer of Taylor Morrison, said at the special meeting held at 8 a.m. Pacific Time on July 22. The company's board had unanimously recommended approval.
The deal values Taylor Morrison at $72.50 per share. Of the 91,999,956 shares outstanding as of the June 22 record date, a majority of voting power was cast in favor of the transaction, according to Todd Merrill, the company's chief legal officer and secretary. Stockholders also approved, on an advisory basis, executive compensation tied to the merger.
The acquisition, announced May 31, will make Taylor Morrison a wholly owned subsidiary of Berkshire Hathaway, expanding the conglomerate's homebuilding portfolio. Taylor Morrison reported $2 billion in revenue for the third quarter of 2025, with net income of $201 million and a gross margin of 22.1 percent. The company has set a target of 20,000 home closings by 2028, up from roughly 11,500 in fiscal 2024. The merger is expected to close pending remaining customary conditions and regulatory approvals.
The deal adds Taylor Morrison to Berkshire's existing real estate holdings, which include Berkshire Hathaway HomeServices, one of the largest residential real estate brokerage networks in the U.S. Rival homebuilders such as KB Home and Lennar Corp. may face increased competitive pressure as Berkshire deepens its vertical integration across homebuilding, brokerage and mortgage services. The transaction also signals confidence in the U.S. housing market, where elevated mortgage rates have weighed on affordability and new home sales.
This article is for informational purposes only and does not constitute investment advice.
