Taylor Morrison Home Corporation (“Taylor Morrison”) (NYSE:
TMHC) and William Lyon Homes (NYSE: WLH) announced that, at their
respective special meetings of stockholders held today,
stockholders of both companies have voted to approve all
stockholder proposals necessary to complete the merger between
Taylor Morrison and William Lyon Homes. The companies expect the
merger transaction to close in early February, subject to customary
closing conditions.
Taylor Morrison and William Lyon Homes will each file the final
voting results for their respective special meeting with the SEC on
Form 8-K and will also make their final results available at
http://investors.taylormorrison.com/financial-reports
and https://lyonhomes.com/investors/,
respectively, after certification by their respective inspector of
elections.
About Taylor Morrison
Taylor Morrison Home Corporation (NYSE: TMHC) is a leading
national homebuilder and developer that has been recognized as the
2016, 2017, 2018, 2019 and 2020 America’s Most Trusted® Home
Builder by Lifestory Research. Based in Scottsdale, Arizona, we
operate under two well-established brands, Taylor Morrison and
Darling Homes. We serve a wide array of consumer groups from coast
to coast, including first-time, move-up, luxury, and 55 plus
buyers. In Texas, Darling Homes builds communities with a focus on
individuality and custom detail while delivering on the Taylor
Morrison standard of excellence.
For more information about Taylor Morrison and Darling Homes
please visit www.taylormorrison.com or
www.darlinghomes.com.
About William Lyon Homes
William Lyon Homes is one of the largest Western U.S. regional
homebuilders. Headquartered in Newport Beach, California, the
Company is primarily engaged in the design, construction, marketing
and sale of single-family detached and attached homes in
California, Arizona, Nevada, Colorado, Washington, Oregon and
Texas. Its core markets include Orange County, Los Angeles, San
Diego, Riverside, San Bernardino, the South and East Bay Areas of
San Francisco, Phoenix, Las Vegas, Denver, Fort Collins, Portland,
Seattle, Houston, Austin and San Antonio. The Company has a
distinguished legacy of more than 65 years of homebuilding
operations, over which time it has sold in excess of 110,000 homes.
The Company markets and sells its homes under the William Lyon
Homes brand in all of its markets except for Washington and Oregon,
where the Company operates under the Polygon Northwest brand.
Forward-Looking Statements
Some of the statements in this communication are forward-looking
statements (or forward-looking information) within the meaning of
applicable U.S. securities laws. These include statements using the
words “believe,” “target,” “outlook,” “may,” “will,” “should,”
“could,” “estimate,” “continue,” “expect,” “intend,” “plan,”
“predict,” “potential,” “project,” “intend,” “estimate,” “aim,” “on
track,” “target,” “opportunity,” “tentative,” “positioning,”
“designed,” “create,” “seek,” “would,” “upside,” “increases,”
“goal,” “guidance” and “anticipate,” and similar statements and the
negative of such words and phrases, which do not describe the
present or provide information about the past. There is no
guarantee that the expected events or expected results will
actually occur. Such statements reflect the current views of
management of Taylor Morrison Home Corporation, a Delaware
corporation (“Taylor Morrison”), or William Lyon Homes, a Delaware
corporation (“William Lyon Homes”), and are subject to a number of
risks and uncertainties. These statements are based on many
assumptions and factors, including general economic and market
conditions, industry conditions, operational and other factors. Any
changes in these assumptions or other factors could cause actual
results to differ materially from current expectations. All
forward-looking statements attributable to William Lyon Homes or
Taylor Morrison or persons acting on their behalf, and are
expressly qualified in their entirety by the cautionary statements
set forth in this paragraph. Undue reliance should not be placed on
such statements. In addition, material risks and uncertainties that
could cause actual results to differ from forward-looking
statements include, among other things: the inherent uncertainty
associated with financial or other projections, including
anticipated synergies; the integration of Taylor Morrison and
William Lyon Homes and the ability to recognize the anticipated
benefits from the combination of Taylor Morrison and William Lyon
Homes, and the amount of time it may take to realize those
benefits, if at all; the risks associated with Taylor Morrison’s
and William Lyon Homes’ ability to satisfy the conditions to
closing the consummation of the merger and the timing of the
closing of the merger; the failure of the merger to close for any
other reason; the outcome of any legal proceedings that may be
instituted against the parties and others related to the merger;
any unanticipated difficulties or expenditures relating to the
merger; the effect of the announcement and pendency of the merger
on the respective business relationships or operating results of
Taylor Morrison, William Lyon Homes, or the combined company; risks
relating to the value of the Taylor Morrison common stock to be
issued in connection with the merger, and the value of the combined
company’s common stock after the merger is consummated; the
anticipated size of the markets and continued demand for Taylor
Morrison’s and William Lyon Homes’ homes and the impact of
competitive responses to the announcement and pendency of the
merger; the diversion of attention of management of Taylor Morrison
or William Lyon Homes from ongoing business concerns during the
pendency of the merger; and the access to available financing on a
timely basis, and the terms of any such financing. Additional risks
and uncertainties are described in Taylor Morrison’s and William
Lyon Homes’ respective filings with the U.S. Securities and
Exchange Commission (the “SEC”), including as described under the
heading “Risk Factors” in Taylor Morrison’s Annual Report on Form
10-K for the year ended December 31, 2018, filed with the SEC on
February 20, 2019, in William Lyon Homes’ Annual Report on Form
10-K for the year ended December 31, 2018 filed with the SEC on
February 28, 2019, and in their respective subsequent Quarterly
Reports on Form 10-Q. Forward-looking statements speak only as of
the date they are made. Except as required by law, neither Taylor
Morrison nor William Lyon Homes has any intention or obligation to
update or to publicly announce the results of any revisions to any
of the forward-looking statements to reflect actual results, future
events or developments, changes in assumptions or changes in other
factors affecting the forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200130005782/en/
For Taylor Morrison: Investor Relations Taylor Morrison
Home Corporation (480) 734-2060 investor@taylormorrison.com
For William Lyon Homes: Larry Clark Financial Profiles,
Inc. (310) 622-8223 WLH@finprofiles.com
William Lyon Homes (NYSE:WLH)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
William Lyon Homes (NYSE:WLH)
Historical Stock Chart
Von Dez 2023 bis Dez 2024
