trending Market Intelligence /marketintelligence/en/news-insights/trending/v1f3pbc0fqttqsage4yugg2 content esgSubNav
In This List

Taylor Morrison discloses termination fees in AV Homes buyout deal

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Taylor Morrison discloses termination fees in AV Homes buyout deal

Taylor Morrison Home Corp. disclosed termination provisions in connection with its planned buyout of all the outstanding shares of AV Homes Inc. common stock, in a cash-and-stock deal valued at about $963 million.

If the merger agreement is terminated, under certain circumstances, AV Homes will pay about $18.5 million to Taylor Morrison.

However, the termination fee payable by AV Homes will be $10.0 million if the merger agreement is terminated on or before July 22 at 11:59 p.m. ET by either Taylor Morrison or AV Homes under certain situations.