Global Finance News
01 May 2025, 15:57
Taylor Morrison Launches $50 Million Accelerated Share Repurchase as Part of $1 Billion Buyback Program
Taylor Morrison Home Corporation (NYSE: TMHC) entered into an accelerated share repurchase (ASR) agreement with Mizuho Markets Americas LLC to repurchase $50 million worth of its common stock. This transaction is part of the company’s ongoing $1 billion share repurchase program.
Under the terms of the agreement, Taylor Morrison will pay the $50 million on May 1, 2025, and immediately receive shares valued at approximately 80% of that amount, based on the April 30 closing stock price. The final number of shares repurchased will be based on the volume-weighted average price of the stock over the ASR period, less a discount. Final settlement is expected no later than Q3 2025.
The company is using this repurchase mechanism to return capital to shareholders and optimize its capital structure.
Taylor Morrison Home Corporation (NYSE: TMHC) entered into an accelerated share repurchase (ASR) agreement with Mizuho Markets Americas LLC to repurchase $50 million worth of its common stock. This transaction is part of the company’s ongoing $1 billion share repurchase program.
Under the terms of the agreement, Taylor Morrison will pay the $50 million on May 1, 2025, and immediately receive shares valued at approximately 80% of that amount, based on the April 30 closing stock price. The final number of shares repurchased will be based on the volume-weighted average price of the stock over the ASR period, less a discount. Final settlement is expected no later than Q3 2025.
The company is using this repurchase mechanism to return capital to shareholders and optimize its capital structure.
