M.D.C. Holdings acquired by Sekisui House for $4.9B

M.D.C. Holdings announced that Sekisui House, through SH Residential Holdings, a subsidiary of Sekisui House US Holdings, its U.S. business controlling company, has completed its acquisition of M.D.C. Holdings. With this addition, Sekisui House expects to achieve its goal of supplying 10,000 detached homes in overseas markets by fiscal year 2025, ahead of schedule. Sekisui House acquired MDC for $63.00 per share in cash, representing a transaction equity value of $4.9B. MDC will be delisted from the NYSE.