May 2, 2019
William H. Lyon
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Taylor Morrison Home Corp. (NYSE: TMHC) has agreed to buy William Lyon Homes (NYSE: WLH) for cash and stock worth $2.4 billion, creating the fifth-largest U.S. home builder and developer firm.
William Lyon Homes (NYSE: WLH) in Newport Beach was the fastest-growing publicly traded OC homebuilder over the last two years, with revenue surging 42% to $2.1 billion.
William Lyon Homes (NYSE: WLH) is exploring the option of going private for the second time since 2006, a process that could result in a strategic partner or outright buyer as a remedy to a stock price that company executives say is well below where it should be.
Shares for William Lyon Homes (NYSE: WLH) are up 14% after its board allowed chairman William H. Lyon to seek potential investors that could lead to a “possible business combination,” according to a regulatory filing.