M&A · Industrials · Operative Builders
Berkshire Hathaway Inc to acquire Taylor Morrison Home Corp
Announced May 31, 2026 · Closed Jul 24, 2026
Deal value$8.50BEV $8.50B
Premium24.0%To unaffected price
EV / Adj. EBITDA—1.1x EV / Revenue
ConsiderationAll cash$72.50 per share
Transaction
- Acquirer
- Berkshire Hathaway Inc (BRK-B)
- Target
- Taylor Morrison Home Corp (TMHC)
- Buyer type
- Strategic
- Offer price per share
- $72.50
- Enterprise value
- $8.50B
- Status
- Closed Jul 24, 2026
Deal protections
- Break fee (target pays)
- $222M · 2.6%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Goldman Sachs, Moelis
- Moelis fee
- $46.9M
Sector context · Industrials
- Comparable deals
- 99 in the prior 24 months
- Premium
- 24.0% vs. 34.0% sector median
- EV / Adj. EBITDA
- Sector median 11.1x
- Break fee
- 2.6% vs. 2.8% sector median
Timeline
- AnnouncedMay 31, 2026
- Proxy filedJun 12, 2026
- Definitive proxyJun 23, 2026
- Shareholder voteJul 22, 2026
- ClosedJul 24, 2026
Valuation · fairness opinions
Discounted cash flowGoldman Sachs$66.00$87.00
Future share priceGoldman Sachs$58.00$73.00
Precedent transactionsGoldman Sachs$53.00$89.00
Premiums paidGoldman Sachs$67.00$85.00
Discounted cash flowMoelis$66.69$86.81
Trading comparablesMoelis$56.44$68.21
Precedent transactionsMoelis$65.27$88.81
Analyst price targetsMoelis$56.00$76.00
52-week trading rangeMoelis$54.15$72.50
Offer $72.50
Implied value per Taylor Morrison Home Corp share by analysis, from Goldman Sachs and Moelis · DCF discount rate 9%–11.5%.