Taylor Morrison Soars; MGM Resorts Rallies; IBM Jumps
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Shares of Taylor Morrison Home Corp. (TMHC) soared in premarket trading after Berkshire Hathaway said it will acquire the homebuilder in an all-cash deal worth about $6.8 billion. It marks the first major purchase under chief executive Greg Abel and a vote of confidence in the US housing market. The offer of $72.50 per common share represents a 24% premium to the home builder’s latest closing price on Friday. It’s the largest deal since Berkshire bought Occidental Petroleum Corp.’s…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.