The Current Buzz on Taylor Morrison Homes

U.K.-based Taylor Wimpey and its plans for its North American Taylor Morrison unit were all the buzz rolling into the holidays before the year ended. What's gone on, why the recent mainstream media eclat? First, on Nov. 30, the Financial Times' Ed Hammond reported: Taylor Wimpey has launched the sale process of its North American business in a move that could earn the UK’s second-largest housebuilder an expected £600m (about U.S. $928 million). Then, just after the New Year, Reuters' Helen Chernikoff reports: British homebuilder Taylor Wimpey (TW.L) could sell its U.S. homebuilding subsidiary Taylor Morrison to current management, a private builder or private equity firms, people familiar with the matter said. Forget for a moment that our own publication, Big Builder, had this to say in concluding a cover story on Taylor Morrison for its September issue: Bottom line, Redfern and Palmer have four legitimate and one long-shot option—with sundry variations—to consider as the marketplace improves or gets worse on its way to an eventual recovery in the next 12 to 24 months. From their vantage point, they may be motivated to: ¦Do nothing ¦Issue an IPO ¦Sell to a financial player (or possibly more likely a club deal) ¦Sell to a home builder (or possibly more likely parse up the regions to optimize value) ¦Allow Palmer to try to take the U.S. operation private via a leveraged buyout with a private equity partner

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