Taylor Wimpey Sale Allows North American Unit to Grow, CEO Says
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Taylor Wimpey Plc’s North American unit will be able to focus on growth after its sale for $955 million to a group of private equity funds, the subsidiary’s chief executive officer said.
“This is a real opportunity with this new partnership to capitalize on the market at the right time,” Sheryl Palmer, president and chief executive of Taylor Morrison Inc., the U.S. and Canadian arm of the British homebuilder, said in a telephone interview from her office in Scottsdale, Arizona. “I expect to continue to outperform our competition.”