Taylor Morrison Home Corporation Acquisition by Berkshire Hathaway

Taylor Morrison Home Corporation has entered into a definitive merger agreement with Berkshire Hathaway Inc. for an all-cash acquisition. The agreement, dated May 31, 2026, provides for Berkshire Hathaway's wholly-owned subsidiary, WXYZ Merger Sub, Inc., to merge with Taylor Morrison, with Taylor Morrison surviving as a wholly-owned subsidiary of Berkshire Hathaway. The transaction offers $72.50 per share in cash to Taylor Morrison shareholders, representing a significant premium. The deal has been unanimously approved by Taylor Morrison's Board of Directors, who will recommend shareholder approval. The merger includes customary closing conditions, including shareholder approval, regulatory clearances, and absence of legal prohibitions. The agreement contains a termination fee of $221,622,677 payable under certain circumstances, such as if Taylor Morrison accepts a superior proposal or if the Board changes its recommendation. If completed, Taylor Morrison shares will be delisted from the NYSE and deregistered under the Exchange Act.