Sumitomo Forestry Completes Acquisition of Tri Pointe Homes, Creating a Leading U.S. Homebuilder
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Sumitomo Forestry has completed its acquisition of Tri Pointe Homes, a move that is expected to create a leading US homebuilder. The acquisition is reportedly worth $4.5 billion, with some sources indicating a per-share price of $47. As a result of the deal, Tri Pointe Homes is set to go private.
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