Berkshire Hathaway acquires Taylor Morrison (TMHC) at $72.50/share — 24% premium all-cash deal

A signed, all-cash M&A deal at a 24% premium is a Tier A catalyst — TMHC shares should immediately trade toward the $72.50 offer price. With no financing contingency and Berkshire's balance sheet, deal certainty is extremely high. The trade is simply long TMHC to capture the remaining spread to the offer price within days to weeks.

Regulatory review under a more active DOJ/FTC could delay or complicate closing, though homebuilder M&A historically faces minimal antitrust scrutiny; the primary risk is a competing bid emerging that never materializes.