tiprankstipranks
Trending News
More News >

New Home Co. to acquire Landsea Homes for $11.30 per share cash

New Home Co. and Landsea Homes (LSEA) announced they entered into a definitive agreement for New Home to acquire Landsea Homes for $11.30 per share in an all-cash transaction, representing an enterprise value of approximately $1.2B. The price is a premium of approximately 61% to Landsea’s May 12 closing price. Upon completion, Landsea Homes will become a privately held company, and the combined entity will be a top-25 national homebuilder. New Home is a portfolio company of Apollo Funds (APO), which are committing $650M of new cash equity. The transaction is expected to close early in Q3 2025, subject to customary conditions, including a tender offer.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue