Posted 1/18/2024, 1:07:00 PM
Sekisui House to Acquire MDC Holdings for $4.9B, Become 5th Largest US Homebuilder
- Sekisui House, a Japan-based homebuilder, is acquiring MDC Holdings for $4.9 billion to expand in the U.S. housing market
- The deal values MDC at $63 per share, a 19% premium to its prior closing price
- The combined company will be the 5th largest U.S. homebuilder by 2022 home closings
- Sekisui is targeting 10,000 homes built per year outside Japan by 2025
- The deal comes ahead of pending U.S. housing market data from the Commerce Department