The merger is closed and the stock will be delisted. Holders of TPH common stock should have received or will receive $47.00 per share in cash. No further trading in TPH is expected. Monitor for any appraisal rights proceedings or post-closing adjustments.
Price Chart
Executive Summary
Tri Pointe Homes completed its all-cash acquisition by Sumitomo Forestry Co., Ltd. on May 14, 2026, for $47.00 per share. The merger closed, resulting in the company becoming an indirect wholly owned subsidiary of Sumitomo Forestry, delisting from the NYSE, and ceasing public reporting. All prior directors resigned and were replaced by Merger Sub directors; officers of the company continued in their roles.
Key Financial Metrics
Key Facts
- Merger completed on May 14, 2026, for $47.00 per share in cash
- Company became an indirect wholly owned subsidiary of Sumitomo Forestry Co., Ltd.
- Common stock delisted from NYSE effective before market open on May 14, 2026
- All prior directors resigned; replaced by Merger Sub directors
- Thomas J. Mitchell's retention bonus reduced to $10,865,000
- Company will cease periodic SEC reporting except for outstanding senior note indentures
Financial Impact
All-cash acquisition at $47.00 per share; total equity value approximately $4.0B based on pre-deal market cap
Risk Factors
- Delisting eliminates liquidity for remaining shareholders
- Potential appraisal rights litigation from dissenting shareholders
- Outstanding senior notes (5.25% due 2027, 5.700% due 2028) remain; credit risk now tied to Sumitomo Forestry
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-222960 |
| Document: d317054d8k.htm | 0001193125-26-222960 |
| Document: d317054dex991.htm | 0001193125-26-222960 |
| Document: d317054dex31.htm | 0001193125-26-222960 |
| Document: d317054dex101.htm | 0001193125-26-222960 |
| Document: 0001193125-26-222960-index-headers.html | 0001193125-26-222960 |
| Document: 0001193125-26-222960-index.html | 0001193125-26-222960 |
| Document: 0001193125-26-222960.txt | 0001193125-26-222960 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 24, 2026 4w ago | Press Release | — | awaiting T+5 | — | — |
May 14, 2026 23w ago | 25-NSE | $46.95 | awaiting T+5 | — | — |
May 14, 2026 23w ago | 8-K | $46.95 | awaiting T+5 | — | — |
May 14, 2026 23w ago | Press Release | $46.95 | awaiting T+5 | — | — |
Apr 29, 2026 25w ago | 8-K | $46.82 $46.83 | ▼ −0.02% | ▲ +3.09% | — |
Apr 29, 2026 25w ago | Press Release | $46.82 $46.95 | ▼ −0.28% | ▲ +2.83% | — |
Apr 17, 2026 27w ago | 8-K | $46.86 $46.90 | ▲ +0.09% | ▼ −0.47% | — |
Feb 25, 2026 34w ago | 8-K | $46.38 $46.35 | ▲ +0.06% | ▼ −1.03% | — |
US Market Status
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