By Colin Kellaher


Shares of Taylor Morrison Home jumped more than 20% in premarket trading Monday after the home builder agreed to be acquired by Berkshire Hathaway for about $6.8 billion in cash.

Berkshire on Sunday said it would pay $72.50 a share for Taylor Morrison, a 24% premium to Friday's closing price of $58.50 for the Scottsdale, Ariz., company.

Taylor Morrison shares were recently up nearly 23% to $71.70 in premarket trading.

The deal, which carries a total enterprise value of roughly $8.5 billion, is expected to close in the second half of 2026.


Write to Colin Kellaher at colin.kellaher@wsj.com


(END) Dow Jones Newswires

06-01-26 0608ET