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Stock impact report

Fortune 500 Homebuilder Toll Brothers to Acquire Arkansas Competitor [Yahoo! Finance]

Toll Brothers, Inc. (TOL) 
Last toll brothers, inc. earnings: 2/25 04:30 pm Check Earnings Report
US:NYSE Investor Relations: tollbrothers.com/investor-relations
Company Research Source: Yahoo! Finance
The deal, expected to close in the third quarter, will be Toll Brothers' 16th homebuilder acquisition since 1995. Terms of the deal were not disclosed, but Buffington Homes' senior leadership and employees will join the company. "Buffington Homes is the leading luxury home builder in this market with exceptional communities, strong financial performance, and a reputation for quality," Toll Brothers CEO Karl Mistry said in a statement. "We look forward to leveraging their team's local expertise and strong land position in northwest Arkansas while adding value and scale to successfully grow the business into the future.” Buffington Homes is a private builder aimed at first- and second-time homebuyers, founded in 2010. Its homes are concentrated in northwest Arkansas, an area of dynamic growth centered on Walmart's headquarters in Bentonville and a new market for Toll Brothers. Buffington now has nine communities with 1,500 lots, and homes ranging from $400,000 to $1 million. Toll Show less Read more
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