Apparently seeing some opportunity for newbuilds.
From the Associated Press, January 18:
Japan’s Sekisui House buying Denver-based homebuilder M.D.C. Holdings for $4.9 billion
Japan’s Sekisui House Ltd. is buying Denver-based homebuilder M.D.C. Holdings Inc. for $4.9 billion in a deal that would make the Japanese company the fifth-largest builder of new homes in the U.S.
The companies said Thursday that they reached a definitive agreement for Osaka-based Sekisui to acquire M.D.C. Holdings for $63 per share. The all-cash offer translates to a roughly 19% premium over M.D.C. Holdings’ closing stock price Wednesday.
Shares in M.D.C. Holdings jumped more than 18% in afternoon trading Thursday. The stock is up about 75% over the past 12 months....
....MUCH MORE
