Berkshire Hathaway Acquires Taylor Morrison Home for $8.5 Billion

Berkshire Hathaway has made a significant move in the residential homebuilding market by agreeing to acquire Taylor Morrison Home Corp (TMHC) for $8.5 billion, including debt.

The all-cash deal is worth $72.50 per share, which represents a 24% premium over TMHC's closing price last Friday.

This acquisition marks a major shift in Berkshire Hathaway's investment strategy under its new leader, who has opted to cut the company's stake in Chevron (CVX) by approximately $8 billion during the first quarter.