The merger has closed and TMHC shares will be converted to cash at $72.50. Traders holding TMHC should tender shares for the cash consideration. The stock will be delisted on August 3, 2026, and deregistered shortly thereafter. No further trading in TMHC common stock is expected. Monitor the Form 15 filing for the exact deregistration date.
Price Chart
Executive Summary
Berkshire Hathaway completed its acquisition of Taylor Morrison Home Corp for $72.50 per share in an all-cash deal valued at approximately $8.5 billion enterprise value ($6.8 billion equity). The merger closed on July 24, 2026, resulting in TMHC becoming a wholly owned subsidiary of Berkshire, delisting from the NYSE, and the replacement of the board of directors. This filing is the definitive closing 8-K that executes the previously announced transaction, converting all public shares to cash and terminating public reporting obligations.
Key Financial Metrics
Key Facts
- Berkshire Hathaway completed acquisition of Taylor Morrison for $72.50 per share in cash.
- Total enterprise value of approximately $8.5 billion; equity value of approximately $6.8 billion.
- TMHC common stock will be delisted from NYSE effective August 3, 2026, and deregistered via Form 15.
- All outstanding TMHC shares (excluding cancelled and dissenting shares) converted to right to receive $72.50 cash per share.
- Board of directors resigned and was replaced; Sheryl Palmer remains CEO of the surviving corporation.
- Credit agreement and senior note indentures were amended to accommodate the change of control to Berkshire.
- Amended and restated certificate of incorporation and bylaws filed.
- Combined homebuilding operation (Taylor Morrison + Clayton Properties Group) delivered nearly 23,000 site-built home closings in 2025, operating in 21 states and 52 markets.
Financial Impact
All-cash acquisition at $72.50 per share, representing a 24% premium over the May 29 close of $58.50. Total enterprise value ~$8.5B, equity value ~$6.8B.
Risk Factors
- Delisting and deregistration eliminate public market liquidity for TMHC shares.
- Dissenting shareholders may pursue appraisal rights, creating potential litigation over fair value.
- Integration risk for combining Taylor Morrison with Berkshire's existing homebuilding operations (Clayton Properties Group).
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 11 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-316037 |
| Document: d148123dex101.htm | 0001193125-26-316037 |
| Document: d148123d8k.htm | 0001193125-26-316037 |
| Document: d148123dex42.htm | 0001193125-26-316037 |
| Document: d148123dex41.htm | 0001193125-26-316037 |
| Document: d148123dex43.htm | 0001193125-26-316037 |
| Document: d148123dex31.htm | 0001193125-26-316037 |
| Document: d148123dex991.htm | 0001193125-26-316037 |
| Document: 0001193125-26-316037-index-headers.html | 0001193125-26-316037 |
| Document: 0001193125-26-316037-index.html | 0001193125-26-316037 |
| Document: 0001193125-26-316037.txt | 0001193125-26-316037 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 4, 2026 8w ago | 15-12G | โ | awaiting T+5 | โ | โ |
Jul 24, 2026 10w ago | 8-K | $72.45 awaiting T+5 | awaiting T+5 | โ | โ |
Jul 24, 2026 10w ago | 25-NSE | $72.45 awaiting T+5 | awaiting T+5 | โ | โ |
Jul 18, 2026 10w ago | Institutional Cluster | $72.44 $72.45 | โผ โ0.01% | โผ โ0.44% | โ |
Jul 7, 2026 12w ago | 8-K | $71.77 $71.94 | โฒ +0.24% | โผ โ0.31% | โ |
Jun 23, 2026 14w ago | DEFM14A | $71.93 $71.73 | โผ โ0.28% | โผ โ1.99% | โ |
Jun 12, 2026 15w ago | PREM14A | $71.95 $71.60 | โผ โ0.49% | โฒ +0.90% | โ |
Jun 12, 2026 15w ago | DEFA14A | $71.95 $71.60 | โผ โ0.49% | โฒ +0.90% | โ |
Jun 5, 2026 17w ago | DEFA14A | $71.53 $71.90 | โฒ +0.52% | โผ โ0.05% | โ |
Jun 5, 2026 17w ago | DEFA14A | $71.53 $71.90 | โฒ +0.52% | โผ โ0.05% | โ |
US Market Status
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