On November 14, 2024, Taylor Morrison Home Corporation announced that it has entered into an accelerated share repurchase agreement (ASR Agreement) with JPMorgan Chase Bank, National Association. The agreement is part of the company’s previously disclosed $1 billion share repurchase program.
According to the terms of the ASR Agreement, Taylor Morrison Home will repurchase an aggregate of $50 million worth of the company’s common stock, which has a par value of $0.00001 per share. The company is set to pay the Repurchase Price on November 15, 2024, and in return, will receive Common Stock with an aggregate value of 80% of the Repurchase Price, based on the closing share price of the Common Stock on the same date.
Darrell C. Sherman, Executive Vice President, Chief Legal Officer, and Secretary of Taylor Morrison Home Corporation, signed the disclosure on behalf of the company on November 15, 2024.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Taylor Morrison Home’s 8K filing here.
About Taylor Morrison Home
Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.
Featured Articles
- Five stocks we like better than Taylor Morrison Home
- Technology Stocks Explained: Here’s What to Know About Tech
- How Whitestone REIT Is Transforming Sun Belt Retail Growth
- How to Buy Cheap Stocks Step by Step
- Top-Performing Non-Leveraged ETFs This Year
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Rivian’s Wild Ride: Is the Dip a Buying Opportunity?
