A $4.9 Billion Japanese Deal for a US Builder Heralds Bigger M&A [BNN Bloomberg (Canada)]
SEKISUI HOUSE LTD S/ADR (SKHSY)
NASDAQ:AMEX Investor Relations:
sekisuihouse.co.jp/english/financial/index.html
Company Research
Source: BNN Bloomberg
Sekisui House Ltd. announced a $4.9 billion agreement on Thursday to buy MDC Holdings Inc. — a purchase that will help it meet a key target in its ambitions to diversify beyond Japan. It's likely the biggest US purchase of a homebuilder by a Japanese company, according to investment banker Margaret Whelan. Asian buyers have been active in the US homebuilding market for a decade, purchasing at least 29 builders or related companies in the country, according to Whelan, who founded Whelan Advisory. But the appetite among Japanese buyers in particular is growing to include even bigger deals as they increase in size and struggle with the prospects of a declining population at home. Whelan said she'll announce a separate transaction next week involving a Japanese company purchasing a regional homebuilder. “They're taking it to the next level,” she said. “You're not moving the needle by buying smaller companies.” Read More: Japanese Builder Sekisui House to Buy MDC for $4.9 Billion
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