Berkshire Hathaway's new billion-dollar deal

Berkshire Hathaway has reached an agreement to acquire Taylor Morrison Home Corp for $6.8 billion in cash, marking the first strategic move by its new leadership to strengthen its presence in the US housing sector.

The deal comes as the conglomerate has record cash reserves and is ready to invest in valuable opportunities.

Berkshire Hathaway has reached an agreement to acquire Taylor Morrison Home Corp for $6.8 billion in cash. Photo: REUTERS

The agreement, announced on May 31, is one of the first major moves by Berkshire Hathaway CEO Greg Abel since succeeding billionaire Warren Buffett in January 2026.
Berkshire Hathaway will pay $72.50 per share of Arizona-based Taylor Morrison Home Corp, representing a 24% premium over the closing price of $58.50 on May 29.

CEO Greg Abel said the transaction reaffirms the company's long-term commitment to the U.S. housing market and expands its ability to serve people's home ownership needs.

Berkshire Hathaway has long been deeply involved in the real estate industry through its ownership of major brokerage firms and stakes in numerous construction companies. The acquisition of Taylor Morrison Home Corp. demonstrates a continuation of Abel's strategy, as he maintains a diversified conglomerate structure encompassing railroads, energy, insurance, and securities investments. Prior to this, in January, Berkshire Hathaway completed the acquisition of Occidental Petroleum's petrochemical business for $9.7 billion.

As of the end of the first quarter of 2026, Berkshire Hathaway's cash reserves reached an all-time high of $381.1 billion. In a letter to shareholders earlier this year, CEO Greg Abel emphasized that a large cash position does not mean withdrawing from investing, but rather demonstrating patience in waiting for opportunities that align with the company's discipline.

In addition to its housing segment, Berkshire Hathaway also spent $2.6 billion to acquire a stake in Delta Air Lines in the first quarter of this year. Although the company's Class B stock has fallen 5.6% over the past year as investors await the outcome of the transition to a new era, Abel's decisive actions are gradually reshaping market confidence.

Source: https://baotintuc.vn/kinh-te/thuong-vu-ty-do-moi-cua-berkshire-hathaway-20260601130952836.htm