On June 1, Taylor Morrison Home Corporation surged 22.44% in regular trading, trading at $71.635 per share, with trading volume of $845 million. The sharp rally was driven by Berkshire Hathaway's announcement of a definitive agreement to acquire all outstanding shares of Taylor Morrison.

According to the agreement, Berkshire Hathaway will pay $72.50 per share in cash, representing a 24% premium to Taylor Morrison's May 29 closing price of $58.50. The deal values Taylor Morrison's equity at approximately $6.8 billion, with a total enterprise value of approximately $8.5 billion. This marks the first major acquisition led by Berkshire's new CEO Greg Abel. Upon completion, expected in H2, Taylor Morrison will delist from the NYSE and become a private company. Existing management, including CEO Sheryl Palmer, will remain in place. Berkshire plans to integrate Taylor Morrison with its subsidiary Clayton Homes to build a comprehensive residential ecosystem spanning building materials, home construction, mortgage lending, and property insurance. A termination fee of $221.6 million applies under certain conditions.

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