Japan's Sekisui House to buy M.D.C. Holdings in $4.9B all-cash deal [Seeking Alpha]
SEKISUI HOUSE LTD S/ADR (SKHSY)
NASDAQ:AMEX Investor Relations:
sekisuihouse.co.jp/english/financial/index.html
Company Research
Source: Seeking Alpha
of $4.9 billion (approximately JPY 688 billion at a JPY:USD conversion rate of 140:1). MDC shareholders will receive $63 per share in cash, which represents an approximately 19% premium to MDC's closing stock price on January 17, and an approximately 41% premium to MDC's 90-day volume-weighted average trading price. By leveraging Sekisui House technologies and building practices cultivated in Japan, MDC expects to deliver higher quality houses that enhance its position in the key states in which it operates. Upon closing, Sekisui House will become the fifth largest housebuilder in the U.S. (based on the number of houses closed in 2022), helping Sekisui House to achieve its target of supplying 10,000 homes outside of Japan by FY2025, sooner than anticipated. Yoshihiro Nakai, Representative Director of the Board President, Executive Officer and CEO of Sekisui House, stated, "it will also allow us to achieve our goal of supplying 10,000 homes outside of Japan by FY2025, ahead of
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