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US: Homebuilders ink $2.7B merger deal

By  |  November 4, 2013

Home builder Tri Pointe Homes will reportedly merge with Weyerhaeuser’s builder subsidiary in a $2.7 billion deal.

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    The deal will use a reverse Morris trust, meaning the merger will be tax-free.

    Wayerhaeuser plans to either spin-off or divest its real estate operations to then merge with a subsidiary of Tri Pointe, say reports.

    The home building merger will create one of the largest in the US, according to the firms.

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