Sekisui House & M.D.C. Holdings Announce Combination; M.D.C. Holdings Shareholders To Receive $63.00 Per Share In All-Cash Transaction Valued At $4.9B
Portfolio Pulse from Benzinga Newsdesk
Sekisui House and M.D.C. Holdings have announced a definitive merger agreement in which Sekisui House will acquire M.D.C. Holdings. Shareholders of M.D.C. Holdings will receive $63.00 per share in an all-cash transaction. The total value of the transaction is approximately $4.9 billion.
January 18, 2024 | 11:05 am
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M.D.C. Holdings shareholders are set to receive $63.00 per share in an all-cash transaction from Sekisui House, representing a definitive merger agreement.
The acquisition of M.D.C. Holdings by Sekisui House at $63.00 per share in cash is a significant premium to the current trading price. This news is likely to drive M.D.C. Holdings' stock price up in the short term as the market adjusts to the acquisition price. The confidence level is high due to the definitive nature of the agreement, but not absolute as the deal is subject to customary closing conditions and potential regulatory hurdles.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100