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Wajeeh Khan

Greg Abel's Big Bet: Berkshire to Buy Taylor Morrison Homes in $6.8 Billion Deal

Taylor Morrison Greg Abel Berkshire Taylor Morrison Home TMHC Berkshire Hathaway

Taylor Morrison Home (TMHC) shares soared on June 1 after Berkshire Hathaway’s (BRK.A) (BRK.B) new leader, Greg Abel, announced a definitive agreement to acquire the homebuilder for about $6.8 billion.

This landmark transaction that values TMHC at $72.50 per share marks Abel’s first major takeover since taking the helm from the legendary Warren Buffett at the start of this year.

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