NYSE:BRK.B

Taylor Morrison Soars 22% After Berkshire Hathaway Agrees to $8.5 Billion Acquisition

Shares of Taylor Morrison Home Corporation (NYSE: TMHC) surged 22% on Monday after the company announced that Berkshire Hathaway has agreed to acquire the homebuilder in an all-cash transaction valued at approximately $8.5 billion, marking one of the largest deals in the U.S. homebuilding sector in recent years. Source: Taylor Morrison Press Release, May 31, 2026.

Under the terms of the agreement, Berkshire Hathaway will pay $72.50 per share in cash for Taylor Morrison, representing a 24% premium to the company's May 29 closing price of $58.50. The transaction values Taylor Morrison's equity at approximately $6.8 billion and its enterprise value at roughly $8.5 billion. Source: Taylor Morrison Press Release, May 31, 2026.

The acquisition reflects Berkshire Hathaway's growing commitment to the U.S. housing market. Berkshire already owns major housing-related businesses, including Clayton Homes and numerous building products companies. Berkshire CEO Greg Abel described Taylor Morrison as a "best-in-class national homebuilder" and said the acquisition aligns with Berkshire's long-standing focus on housing and homeownership. Source: Taylor Morrison Press Release, May 31, 2026.

Investors welcomed the deal because it delivers immediate value and certainty to shareholders at a substantial premium. The purchase price effectively places a floor under the stock while reflecting Berkshire's confidence in the long-term outlook for U.S. housing despite elevated mortgage rates and economic uncertainty.

Taylor Morrison has grown into one of the largest homebuilders in the United States, operating more than 350 communities across 21 markets in 12 states. The company serves a broad range of customers through its Taylor Morrison and Esplanade brands and has expanded into build-to-rent communities through its Yardly platform. It also operates mortgage, title, escrow, and insurance businesses that complement its homebuilding operations. Source: Taylor Morrison Press Release, May 31, 2026.

Taylor Morrison Chairman and CEO Sheryl Palmer called the transaction a "once-in-a-lifetime opportunity," emphasizing that Berkshire's capital strength and long-term investment approach would allow the company to pursue growth opportunities that may not have been possible as a standalone public company. Importantly for investors and employees, Taylor Morrison's existing management team is expected to remain in place following the acquisition. Source: Taylor Morrison Press Release, May 31, 2026.

The deal also signals Berkshire Hathaway's continued willingness to deploy capital into sectors tied to long-term demographic and economic trends. While many investors associate Berkshire with insurance, railroads, and consumer brands, the company has steadily built a significant presence in residential housing. The addition of Taylor Morrison strengthens that position and creates the potential for greater coordination across Berkshire's existing homebuilding and construction-related businesses.

The transaction is expected to close during the second half of 2026, subject to shareholder approval and customary regulatory clearances. Once completed, Taylor Morrison will become a private company and its shares will no longer trade on the New York Stock Exchange. Source: Taylor Morrison Press Release, May 31, 2026.

For investors, the sharp rally reflects the market's assessment that Berkshire's offer provides an attractive exit price while validating the strength of Taylor Morrison's business model and long-term growth prospects.

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Berkshire Hathaway – Q3 2025 Earnings Rise to $30.8 Billion on Strong Operating Results

Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) reported third-quarter 2025 net earnings of $30.8 billion, up from $26.3 billion a year earlier, driven by higher operating income and investment gains.

Operating earnings rose 34% year over year to $13.5 billion from $10.1 billion in Q3 2024, reflecting solid performances across insurance, rail, utilities, and manufacturing.
• Insurance underwriting income surged to $2.4 billion (up from $750 million).
• BNSF Railway earned $1.45 billion (up from $1.38 billion).
• Manufacturing, service, and retailing operations delivered $3.6 billion, up from $3.3 billion.

Investment gains totaled $17.3 billion, including $9.2 billion in unrealized gains.
For the first nine months of 2025, net earnings were $47.8 billion, compared with $69.3 billion in the same period last year, when results were inflated by large unrealized gains.

Insurance float stood at $176 billion as of September 30, 2025, up $5 billion since year-end 2024.

Berkshire emphasized that quarterly investment gains or losses can be “meaningless” for assessing performance, highlighting operating earnings as the best indicator of underlying business strength.

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Berkshire Hathaway Separates Chairman and CEO Roles Ahead of Leadership Transition

Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B) announced that its board has amended and restated the company’s by-laws, effective September 30, 2025, to formally separate the roles of Chairman of the Board and Chief Executive Officer. The change comes in preparation for the transition on January 1, 2026, when Greg Abel will assume the role of President and CEO, succeeding Warren Buffett.

Buffett will remain Chairman of the Board, ensuring continuity of leadership, while Abel takes over day-to-day operations as CEO. The updated by-laws introduced a new provision under Section 3 for the Board of Directors and revised Section 4 relating to officers and agents to reflect the division of responsibilities.
Berkshire Hathaway announced it will acquire Occidental Petroleum’s chemical business, OxyChem, in a $9.7 billion all-cash deal. The agreement, unveiled on October 2, 2025, will make OxyChem an operating subsidiary of Berkshire, expanding its portfolio with a leading global manufacturer of commodity chemicals used in water treatment, pharmaceuticals, healthcare, and construction.

Occidental said it will use $6.5 billion of the proceeds to reduce debt, aiming to bring principal debt below $15 billion following its CrownRock acquisition. OxyChem’s environmental liabilities will remain with an Occidental subsidiary, which will continue to manage related remedial projects.

The transaction, subject to regulatory approvals, is expected to close in the fourth quarter of 2025. Occidental CEO Vicki Hollub praised the deal as strengthening the company’s financial position and long-term oil and gas strategy, while Berkshire’s Greg Abel highlighted the strong operating assets and workforce OxyChem brings to Berkshire’s non-insurance operations.
Berkshire Hathaway Q2 Net Earnings Fall Amid Investment Swings; Operating Profit Stable

Berkshire Hathaway (NYSE: BRK.A, BRK.B) reported Q2 2025 net earnings of $12.4 billion, down sharply from $30.3 billion a year earlier, primarily due to lower investment gains and a $3.8 billion impairment on Kraft Heinz. However, operating earnings, which exclude market swings, held steady at $11.2 billion, versus $11.6 billion last year.

Key Figures:
• Net EPS: $8,601 for Class A; $5.73 for Class B
• Operating earnings: $11.2B in Q2; $20.8B in H1 2025 vs. $22.8B in H1 2024
• Insurance investment income rose to $3.37B
• BNSF railroad and energy businesses posted moderate gains
• Foreign currency losses totaled $877M in Q2

Investment results were volatile: Q2 included $4.2B in realized gains and $1.5B in unrealized gains, but H1 2025 saw a $5.9B net unrealized loss. Berkshire emphasized that investment fluctuations make net income less reflective of actual business performance.

Insurance float reached $174 billion, up $3B since year-end 2024.
Berkshire urged investors to consult its full 10-Q filing for deeper analysis.

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