General Contractors & Builders M&A » By The Online Investor Staff, updated Thu., Apr. 18, 3:36 AM
Recent mergers and acquisitions in the General Contractors & Builders M&A category.
| This Slide: #3 of 11 |
Slide #3. Toll Brothers, Inc. — Shapell Industries, LLC
Acquirer:
Toll Brothers, Inc. (NYSE:TOL)
Acquiree:
Shapell Industries, LLC
Details:
Toll Brothers, Inc., (NYSE:TOL) (www.tollbrothers.com), the nation's leading builder of luxury homes, today announced the completion of its acquisition of the homebuilding operations of Shapell Industries, LLC ("Shapell Homes"), a premier private California land development and home building company, for approximately $1.60 billion in cash. The purchase includes approximately 5,200 home sites, 97.5% of which are entitled, in established coastal California communities. This land was assembled by Shapell over many decades in many of Northern and Southern California's most affluent and high-growth markets: the San Francisco Bay area, metro Los Angeles, Orange County and the Carlsbad market.
Toll Brothers designs, builds, markets, sells, and arranges financing for an array of residential single-family detached home, attached home, master-planned, and urban low-, mid-, and high-rise communities. Co. caters to first-time, move-up, empty-nester, active-adult and second-home buyers in the U.S., as well as urban and suburban renters under the brand names Toll Brothers Apartment Living® and Toll Brothers Campus Living®. Co. also designs, builds, markets, and sells urban condominiums with third-party joint venture partners through Toll Brothers City Living®. Co. is operating in various states and in the District of Columbia.
TOL SEC Filing Email Alerts Service
Open the TOL Page at The Online Investor »
|
||||||||||||||||||||||||
Open the TOL Page at The Online Investor (in a new window) »
 Free TOL Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
Avg. Broker Rec.
 
|
Buy (2.94 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: TOL Stock Forecast Based on Zacks ABR data; powered by Xignite |
