New Home Co. to acquire Landsea Homes for $11.30 per share in all-cash deal
Jul 1, 2025, 7:00:00 AM UTC
Summary
New Home Co. has agreed to acquire Landsea Homes Corporation for $11.30 per share in cash, representing a 61% premium to Landsea's closing price on May 12, 2025. The transaction, valued at approximately $1.2 billion, is expected to close early in Q3 2025, subject to customary conditions including a successful tender offer. Upon completion, Landsea will become a privately held company, and the combined entity will rank among the top 25 US homebuilders by volume, operating across 10 high-growth markets. Apollo Funds are providing $650 million in new equity to support the deal.
Company
LANDSEA HOMES CORP (LSEA)NASDAQ — Real Estate: Construction, Real Estate - Development: Operative Builders
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