AvalonBay announces Vivmark Residential as name of combined company
The name reflects the Latin vivere, aiming for a new standard in rental housing, with the merger subject to shareholder approval.
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The name reflects the Latin vivere, aiming for a new standard in rental housing, with the merger subject to shareholder approval.
The agreement means that the purchase price of 197 million kronor and the rights issue are canceled, and that eight projects with approximately 800 building rights are relinquished.
The $72.50 per share cash deal values Taylor Morrison at $6.8B equity and $8.5B enterprise value.
Net income fell 29% to $236.5 million, with earnings per share of $83.96.
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The housebuilder said that without Government assistance, the industry would not be able to build as many homes and economic growth could be stunted.
Taylor Wimpey has revised down its expected completions this year after a drop in sales in the first half. The housebuilder said it completed 4,986...
Housebuilder Taylor Wimpey has cut its dividend as a rise in revenue masked a sharp fall in first half profits.
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