Taylor Morrison to buy AV Homes for $963 mln

Taylor Morrison Home Corp said June 7 that it agreed to buy AV Homes Inc in a deal valued at $963 million. TPG Capital, which owns a 40 percent stake in AV Homes, is voting its shares in favor of the deal. AV Homes, of Scottsdale, Arizona, develops and builds residential communities in Florida, the Carolinas, Arizona and Texas.

North AmericaUSReal EstateBriefs