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0 0 0 0.000730460189919764 0.000730460189919764 -0.0138787436084733 -0.0116873630387143 -0.0248356464572679
Stock impact report

LANDSEA HOMES CLOSES ACQUISITION OF DFW-BASED ANTARES HOMES [Yahoo! Finance]

Landsea Homes Corporation (LSEA) 
Company Research Source: Yahoo! Finance
Transaction Adds 2,254 of Owned or Controlled Lots to Landsea Homes' Portfolio "Continues Company Goal Toward Becoming One of Texas' Top Homebuilders" DALLAS April 2, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it has completed its previously announced acquisition of Antares Homes, a Dallas-Fort Worth based homebuilder, for approximately $242.5 million (subject to certain customary post-closing adjustments) in cash, which includes repayment of an anticipated $43.2 million of Antares Homes debt. "We are very pleased to finalize this transaction and significantly expand our presence in Texas ," said John Ho , Chief Executive Officer of Landsea Homes. "This acquisition is another step forward in our strategic expansion plans and continues our company goal toward becoming one of Texas' top homebuilders." Antares Homes is currently building new homes in 19 communit Show less Read more
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