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Fly News Breaks for August 2, 2018
MDC
Aug 2, 2018 | 06:22 EDT
As previously reported, BofA/Merrill double upgraded M.D.C Holdings to Buy from Underperform and increased its price target to $42 from $36. Analyst John Lovallo is encouraged by M.D.C.'s "solid" Q2 performance, especially gross margin expansion, and expect execution to continue. The analyst said the company's increased focus on the entry-level home-buyer as a positive given the large Millennial demographic and recent returns of this segment.
News For MDC From the Last 2 Days
MDC
Apr 19, 2024 | 08:59 EDT
M.D.C. Holdings is to be delisted from the NYSE due to its acquisition by Sekisui House for $63.00 per share in cash, representing a transaction equity value of $4.9B. The acquisition was completed on April 19.
MDC
Apr 19, 2024 | 08:58 EDT
M.D.C. Holdings announced that Sekisui House, through SH Residential Holdings, a subsidiary of Sekisui House US Holdings, its U.S. business controlling company, has completed its acquisition of M.D.C. Holdings. With this addition, Sekisui House expects to achieve its goal of supplying 10,000 detached homes in overseas markets by fiscal year 2025, ahead of schedule. Sekisui House acquired MDC for $63.00 per share in cash, representing a transaction equity value of $4.9B. MDC will be delisted from the NYSE.
