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Sheryl Palmer, Taylor Morrison CEO, joins 'Squawk on the Street' to discuss the company's merger with Berkshire Hathaway, what to expect from housing demand and much more.

, /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC) ("TMHC") today announced that its indirect wholly owned subsidiary, Taylor Morrison Communities, Inc. (the "Issuer"), has commenced consent solicitations to amend the indentures (the "Indentures" and, each an "Indenture") governing (i) its 5.75% Senior Notes due 2028 (CUSIP Nos. 87724RAB8 (Rule 144A) / U8760NAB5 (Reg S)) (the "2028 Notes"), (ii) its 5.125% Senior Notes due 2030 (CUSIP Nos. 87724RAJ1 (Rule 144A) / U8760NAF6 (Reg S)) (the "2030 Notes") and (iii) its 5.750% Senior Notes due 2032 (CUSIP Nos. 87724RAK8 (Rule 144A) / U8760NAG4 (Reg S)) (the "2032 Notes" and, together with the 2028 Notes and the 2030 Notes, the "Notes"), upon the terms and subject to the conditions set forth in the Consent Solicitation Statement dated July 16, 2026 (the "Consent Solicitation Statement"). The Issuer is soliciting consents from holders of record as of 5:00 p.m., New York City time, on July 15, 2026, to amend (the "Amendments") certain provisions of the Indentures in connection with the previously announced acquisition of TMHC by Berkshire Hathaway Inc. ("Berkshire Hathaway") (the "Merger"). Berkshire Hathaway has advised TMHC and the Issuer that following consummation of the proposed Merger, Berkshire Hathaway intends to unconditionally guarantee each series of the Notes; however, Berkshire Hathaway has no obligation to guarantee the Notes and there can be no assurance that Berkshire Hathaway will provide such guarantee.

Subject to the terms and conditions set forth in the Consent Solicitation Statement, the Issuer will pay eligible holders whose consents were delivered (and not validly revoked) on or prior to 5:00 p.m., New York City time, on July 22, 2026 (the "Expiration Date"), a cash payment of $1.00 for each $1,000 principal amount of Notes in respect of which such consent relates (as applicable, the "Consent Fee"). The Consent Fee with respect to each consent solicitation will only be payable if all conditions to the applicable consent solicitation, including the receipt of the Requisite Consents (as defined below) with respect to the applicable series of Notes, have been satisfied or, if applicable, waived.

Each consent solicitation is subject to customary conditions, including, among other things, the delivery by holders of consents (which consents have not been validly revoked) in respect of a majority in aggregate principal amount of the outstanding Notes of each series (the "Requisite Consents") on or prior to the Expiration Date. Delivered consents may be validly revoked until the time at which the applicable supplemental indenture effecting the Amendments has been executed and delivered. The Issuer anticipates that, promptly after receipt of the Requisite Consents with respect to a series of Notes and the other conditions applicable to each consent solicitation are satisfied or waived, the Issuer will give notice to the applicable trustee, and the Issuer and the applicable trustee will execute and deliver a supplemental indenture with respect to each Indenture to effect the Amendments. Pursuant to the terms of such supplemental indenture, the Amendments will not become operative until (i) the Consent Fee, with respect to the applicable consent solicitation, is paid in full and (ii) the consummation of the Merger.

Each consent solicitation is being made solely on the terms and subject to the conditions set forth in the Consent Solicitation Statement. The Issuer may, in its sole discretion, subject to applicable law, extend, amend or terminate any or all of the consent solicitations.

The Issuer has retained J.P. Morgan Securities LLC ("J.P. Morgan") to act as sole solicitation agent in connection with the consent solicitations. Questions may be directed to J.P. Morgan at (866) 834-4666 (toll-free) or (212) 834-3424 (collect). The Issuer has retained D.F. King & Co., Inc. to act as the information and tabulation agent in connection with the consent solicitations. Questions and requests for additional documents may be directed to D.F. King & Co, Inc. at (212) 269-5550 (banks and brokers), (888) 887-1266 (all others) or [email protected].

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security. This press release does not constitute a solicitation of consents with respect to the Amendments or any securities. The solicitation of consents is not being made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such solicitation under applicable state or foreign securities or "blue sky" laws.

About Taylor Morrison

Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation's leading homebuilders and developers. We serve a wide array of consumers from coast to coast, including first-time, move-up, luxury and resort lifestyle homebuyers and renters under our family of brands—including Taylor Morrison, Esplanade and Yardly. From 2016-2025, Taylor Morrison has been recognized as America's Most Trusted® Builder by Lifestory Research. 

Forward-Looking Statements

This press release includes "forward-looking statements" including, but not limited to, statements regarding TMHC's expectations, plans, intentions, strategies or prospects with respect to the proposed Merger. These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements. You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and generally discuss or relate to forecasts, estimates or other expectations regarding future events. Generally, the words "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "may," "will," "can," "could," "might," "should" and similar expressions identify forward-looking statements, including statements related to expected financial, operating and performance results, planned transactions, planned objectives of management, future developments or conditions in the industries in which we participate and other trends, developments and uncertainties that may affect TMHC's business in the future. A detailed discussion of such risks and uncertainties is included in TMHC's Form 10-K, on file with the Securities and Exchange Commission, in the section titled "Risk Factors," as updated in our subsequent reports filed with the Securities and Exchange Commission. Any forward-looking statement made in this press release is based only on currently available information and speaks only as of the date on which it is made. TMHC undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

CONTACT:
Mackenzie Aron, VP Investor Relations
(407) 906-6262
[email protected] 

SOURCE Taylor Morrison

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NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Taylor Morrison Home Corporation (NYSE: TMHC) to Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B). Under the terms of the proposed transaction, shareholders of Taylor Morrison will receive $72.50 in cash for each share of Taylor Morrison that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-tmhc/ to learn more.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

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Berkshire Hathaway (BRKA 0.17%)(BRKB 0.33%) has gone through an important leadership transition, with Greg Abel taking over as CEO from Warren Buffett. The big question is how Abel will differ from Buffett as an investor and leader. Abel's planned acquisition of Taylor Morrison Home (TMHC +0.07%) was the first indication. Here's what is at stake as the deal faces its first big test.

Financially speaking, Taylor Morrison faces the biggest risk Berkshire Hathaway is a $1 trillion market-cap industrial conglomerate and financial giant with a widely diversified business. Taylor Morrison is a $6.6 billion market cap homebuilder, but that market cap includes the price gain following Berkshire Hathaway's acquisition offer. Berkshire Hathaway offered an over 20% premium for Taylor Morrison when it agreed to buy it.

Image source: Getty Images.

As Taylor Morrison shareholders vote on the deal on July 22, they are the ones facing the greatest financial risk. If the deal isn't approved, the shares are likely to return to where they were before the acquisition announcement. Berkshire Hathaway's risk is very minimal, since the $8.5 billion price tag represents a tiny amount of the nearly $400 billion in cash it had at the end of the first quarter of 2026.

The big question for Berkshire Hathaway is about strategy There is a big picture issue for Berkshire Hathaway shareholders to consider. If the deal isn't approved by Taylor Morrison shareholders, it will put into question Abel's deal-making skills. One scuttled acquisition, however, probably shouldn't be read into too deeply. Still, it would increase the importance of getting future deals over the finish line.

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The bigger issue for Abel could actually be if the deal is completed as planned. In that case, the new CEO has to prove that his stated intention to merge Berkshire Hathaway's housing businesses into one operation is a good decision. It is a different approach from his predecessor, who largely allowed the companies he acquired to operate independently.

The likely next step is a done deal It is highly likely that Taylor Morrison shareholders will approve the deal. So Berkshire Hathaway shareholders will want to pay close attention to what happens once the acquisition is complete. If Abel's more active approach works within the company's housing portfolio, he may be more emboldened to do something similar in other areas. That could lead to a dramatic change in how Berkshire Hathaway manages its portfolio of owned businesses and to the way the company thinks about investing overall.

Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool has a disclosure policy.

The market has finally had time to digest the "what" of Berkshire Hathaway's (BRKA 0.50%) (BRKB 0.53%) recently announced decision to acquire homebuilder Taylor Morrison Home (TMHC 0.01%). Now that the dust has settled, it's time answer the question "why?"

The answer isn't complicated. It's obvious if you're willing to take things at face value.

An unexpected (but smart) acquisition New Berkshire CEO Greg Abel isn't wasting any time. Since taking the helm at the beginning of this year, he has steered the conglomerate into a much bigger stake in Alphabet, established a new position in Delta Air Lines, and sold off a bunch of smaller holdings that weren't making much impact on its overall equity portfolio.

One of Abel's recent moves that really caught people off guard, however, is the decision in late May to wholly acquire Taylor Morrison for $8.5 billion in cash at a time when America's homebuilding business isn't exactly firing on all cylinders. As recent earnings reports from D.R. Horton and PulteGroup verify, demand is tepid, and profits are being pressured.

Taylor Morrison isn't defying this trend, either. Its first-quarter revenue fell 27% year over year, and per-share earnings were more than halved. Although its backlog grew 23% between fourth and first quarters, it still expects total closings to fall 15% this year.

Image source: Getty Images.

This headwind is arguably already priced into this stock, and then some. Even after Berkshire's premium offer, it's still a bargain at only 13.6 times this year's projected per-share profits of $5.29, before a recovery to roughly $6.50 per share next year.

And that's perhaps Abel's attraction. The residential real estate market may be stifled by a combination of rising inflation and nervous consumers, against a backdrop of growing mortgage defaults (the Mortgage Bankers Association reports first-quarter defaults were up sequentially as well as year over year).

But Abel knows what his predecessor Warren Buffett also knew: This is a cyclical headwind that will pass, and the time to act is in the midst of the lull. Or as Buffett so famously put it, "Be fearful when others are greedy and greedy when others are fearful."

That said, it doesn't hurt that the U.S. still lacks the number of homes it needs regardless of their price. A report recently posted by the White House suggests the nation needs another 10 million homes more than it currently has. For perspective, the U.S. Census Bureau says fewer than 1.5 million were built last year.

Perfect is the enemy of good Berkshire is still taking on some risk here. What's unknown is how long this housing headwind will last, or if it will worsen before it abates. Abel doesn't seem too concerned about the immediacy of Taylor Morrison's impact on the conglomerate's bottom line, though. Like Buffett, his favorite holding period is "forever."

If it takes a while for the acquisition to start paying off, so be it. He just wanted Berkshire Hathaway to make the move while the entry price was pretty good. Like Buffett, he knows holding out for an even better price could end up costing the company more -- or worse, price Berkshire out of the purchase altogether.

James Brumley has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, Berkshire Hathaway, and D.R. Horton. The Motley Fool recommends Delta Air Lines. The Motley Fool has a disclosure policy.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating the sale of Taylor Morrison Home Corporation (NYSE: TMHC) to Berkshire Hathaway Inc. for $72.50 per common share in cash. Halper Sadeh encourages Taylor Morrison shareholders to click here to learn more about their rights and options or contact Daniel Sadeh or Zachary Halper free of charge at (212) 763-0060 or [email protected] or [email protected]. The investigation concerns whether Taylor Morr.

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MILWAUKEE, June 2, 2026 /PRNewswire/ -- Ademi LLP is investigating Taylor Morrison (NYSE: TMHC) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Berkshire Hathaway. Click here  to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995.

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of [url="]Kahn Swick and Foti[/url], LLC (“KSF”) are investigating the propo

$8.5 billion is what Berkshire Hathaway (NYSE:BRK-B | BRK-B Price Prediction) is paying for Taylor Morrison (NYSE:TMHC), a deal that lands as Greg Abel's first major acquisition since taking over from Warren Buffett.

Berkshire Hathaway owns lots of companies outright and stock in many other companies. Buffett has stepped down as CEO and Greg Abel is in charge now.

Are SUNE, RLYB, ASRT, TMHC Obtaining Fair Deals for their Shareholders? PR Newswire NEW YORK, June 9, 2026