General Contractors & Builders M&A » By The Online Investor Staff, updated Fri., Jul. 1, 12:41 PM
Recent mergers and acquisitions in the General Contractors & Builders M&A category.
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Slide #4. Toll Brothers, Inc. — Shapell Industries homebuilding business
Acquirer:
Toll Brothers, Inc. (NYSE:TOL)
Acquiree:
Shapell Industries homebuilding business
Details:
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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Avg. Broker Rec.
 
|
Hold (2.09 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: TOL Stock Forecast Based on Zacks ABR data; powered by Xignite |
