News & Events

Simpson Thacher is representing J.P. Morgan Securities LLC as financial advisor to AV Homes, Inc. (“AV Homes”) in connection with its announced merger with Taylor Morrison Home Corporation (“Taylor Morrison”), pursuant to which Taylor Morrison will acquire all of the outstanding shares of AV Homes common stock at $21.50 per share in a cash and stock transaction valued at approximately $963 million, including outstanding AV Homes debt. The transaction is expected to close late in the third quarter or early in the fourth quarter of 2018, subject to regulatory approvals and customary closing conditions.

AV Homes is engaged in homebuilding and community development in Florida, the Carolinas, Arizona and Texas. Its principal operations are conducted in the greater Orlando, Jacksonville, Phoenix, Charlotte and Dallas-Fort Worth markets. The company builds communities that serve both active adults (55 years and older) as well as people of all ages.

The Simpson Thacher team includes Stephen Wiseman and Kathey Guo (Corporate).