Berkshire Hathaway to Buy Taylor Morrison for $6.8 Billion (5)

Berkshire Hathaway Inc. will acquire Taylor Morrison Home Corp. in an all-cash deal worth about $6.8 billion, the first major purchase under chief executive Greg Abel and a vote of confidence in the US housing market.

The offer of $72.50 per common share represents a 24% premium to the home builder’s latest closing price on Friday. It’s the largest deal since Berkshire bought Occidental Petroleum Corp.’s petrochemical business in January.

“We are excited to welcome Taylor Morrison into Berkshire’s portfolio,” Abel said in a statement Sunday. “Over time, we expect to unify our site-built homebuilding operations into a combined platform ...