Shareholders Foundation, Inc.

NYSE: TMHC Investor Alert: Investigation of Acquisition of Taylor Morrison Home Corporation

An investigation on behalf of investors of Taylor Morrison Home Corporation (NYSE: TMHC) in connection with the proposed takeover was announced.

 

San Diego, CA -- (SBWIRE) -- 11/21/2019 -- An investigation announced concerning whether the takeover of Taylor Morrison Home Corporation is unfair to NYSE: TMHC stockholders.

Investors who purchased shares of Taylor Morrison Home Corporation (NYSE: TMHC) and currently hold any of those NYSE: TMHC shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Taylor Morrison Home Corporation breached their fiduciary duties owed to NYSE: TMHC investors in connection with the proposed acquisition.

On November 6, 2019, Taylor Morrison Home Corporation (NYSE: TMHC) and William Lyon Homes (NYSE: WLH) announced they have entered into an agreement pursuant to which Taylor Morrison Home Corporation will acquire all of the outstanding shares of William Lyon Homes common stock for per share consideration of (1) $2.50 in cash and (2) 0.800 shares of Taylor Morrison common stock, implying a company value for William Lyon Homes of $21.45 per share or $2.4 billion including assumption of debt, yielding an attractive purchase price multiple of 1x book.

However, given that at least one analyst has set the high target price for NYSE: TMHC shares at $33.00 per share, the investigation concerns whether the offer is unfair to NYSE: TMHC stockholders.

In addition, given that William H. Lyon, executive chairman and chairman of the board and holder of approximately 42 percent of the voting power of William Lyon Homes common stock, has already agreed to vote all of the shares of William Lyon Homes common stock controlled by him in support of the transaction, the investigation concerns whether the Taylor Morrison Home Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Those who are current investors in Taylor Morrison Home Corporation (NYSE: TMHC) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.