Deals
A $4.9 Billion Japan Deal for a US Builder Heralds More M&A
- Sekisui House agreed to buy homebuilder MDC Holdings
- Firms are ‘taking it to the next level,’ banker says
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The Japanese homebuilder deal hunt is picking up.
Sekisui House Ltd. announced a $4.9 billion agreement on Thursday to buy MDC Holdings Inc. — a purchase that will help it meet a key target in its ambitions to diversify beyond Japan. It’s likely the biggest US purchase of a homebuilder by a Japanese company, according to investment banker Margaret Whelan.