Taylor Morrison Surges 23% After Berkshire Agrees $6.8 Billion Acquisition
Updated
Updated · CNBC · Jun 1
Taylor Morrison Surges 23% After Berkshire Agrees $6.8 Billion Acquisition
13 articles · Updated · CNBC · Jun 1
Taylor Morrison shares jumped nearly 23% in premarket trading after Berkshire Hathaway agreed to buy the homebuilder for $6.8 billion.
Greg Abel called Taylor Morrison a best-in-class homebuilder and said adding it to Berkshire’s portfolio would help expand homeownership for more Americans.
Berkshire shares were slightly lower even as the deal lifted Taylor Morrison sharply, making the homebuilder one of the biggest premarket movers.
The acquisition stood out in a session dominated by tech-driven gains, with investors also reacting to Nvidia’s new PC processor and a broader software rally.
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