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Slide #46. Toll Brothers, Inc. — Shapell Industries homebuilding business
Toll Brothers, Inc. (NYSE:TOL)
Shapell Industries homebuilding business
Toll Brothers, Inc., the nation's leading builder of luxury homes, and Shapell Industries, Inc. ("Shapell"), a premier private California builder, announced that they have entered into a definitive purchase agreement under which Toll Brothers will acquire the home building business of Shapell in a stock acquisition for approximately $1.60 billion in cash.
Toll Brothers designs, builds, markets, sells, and arranges financing for residential single-family detached, attached home, master planned resort-style golf, and urban communities. Co. also designs, builds, markets, and sells urban condominiums through Toll Brothers City Living®. Co. operates its own architectural, engineering, mortgage, title, land development, insurance, and landscaping subsidiaries. Co. also operates its own security company, TBI Smart Home Solutions, which provides homeowners with home automation and technology options. In addition, Co. operates its own lumber distribution, house component assembly, and manufacturing operations.
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Hold (2.23 out of 4)