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Slide #4. 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 communities. Co. caters to first-time, move-up, empty-nester, active-adult and second-home buyers in teh 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 through Toll Brothers City Living®. Co. operates its own architectural, engineering, mortgage, title, land development, insurance, smart home technology, and landscaping subsidiaries.
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Hold (2.09 out of 4)