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Bloomberg Markets
On this episode of Stock Movers with Alexis Christoforous:
- 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.
- Shares of MGM Resorts International (MGM) rallied ahead of the US market open after the New York Times’ DealBook reported that Barry Dille
Bloomberg Markets
Meredith Whitney Advisory Group CEO Meredith Whitney says she doesn't think housing demand will be very strong this year with affordable housing remaining the key challenge. She speaks on "Bloomberg Open Interest." (Source: Bloomberg)
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CNBC Finance
Analysts say the deal between Berkshire Hathaway and Taylor Morrison signals that the housing market may have bottomed.