Why Av Homes Stock Soared Today

newsfeedback@fool.com (Evan Niu, CFA), The Motley Fool
Thu, 06/07/2018 - 11:18am

Shares of AV Homes (NASDAQ: AVHI) have soared today, up by 29% as of 1:40 p.m. EDT, after the company announced it was being acquired. Larger homebuilder Taylor Morrison Home Corporation (NYSE: TMHC) is scooping up AV Homes in a $1 billion deal.Taylor Morrison is looking to acquire AV Homes for $21.50 per share in a cash-and-stock deal valued at $963 million including debt.

Topics: av homes nasdaq avhi home corporation nyse tmhc av homes taylor morrison stock soared today share shares million valued deal

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Why Av Homes Stock Soared Today

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