Comstock Capital Value Fund on Taylor Morrison Home Corp.
Thesis
Berkshire Hathaway agreed to acquire Taylor Morrison for $72.50 per share in cash. The transaction values the homebuilder at approximately $8.5 billion. The position is a merger-arbitrage investment expected to resolve in the second half of 2026 if approvals are obtained.
“The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2026.”
Key risks
- The announced acquisition may not be completed
- Regulatory approvals may delay closing