Sekisui House to Expand U.S. Homebuilding Footprint with $4.9B M.D.C. Holdings Merger [MarketWatch]
SEKISUI HOUSE LTD S/ADR (SKHSY)
NASDAQ:AMEX Investor Relations:
sekisuihouse.co.jp/english/financial/index.html
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Source: MarketWatch
the U.S. in an all-cash transaction with an equity value of $4.9 billion, the two companies said in a joint statement Thursday. Under the terms of the agreement, shareholders of M.D.C., a U.S.-based homebuilder, will be acquired by a wholly owned subsidiary of Sekisui House, receiving $63.00 a share in cash. Advertisement M.D.C.'s stock has been on an upward trend over the last 12 months, rising nearly 48% to $53.09 a share. The offer represents a 19% premium to M.D.C.'s closing stock price on Wednesday, and a premium of about 41% its 90-day volume-weighted average trading price. The new combined company expects to leverage Sekisui House technologies and building practices to support delivery of higher-quality M.D.C. houses that strengthen its position in the key states in which it operates. After the merger is completed, Sekisui House will become the fifth-largest homebuilder in the U.S. based on the number of houses closed in 2022 as it looks to reach its goal of supplyi
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