MDC's Stockholders Approves Merger Deal With Sekisui House
CCSCentury munities(CCS) Zacks Investment Research·2024-04-04 01:00

M.D.C. Holdings, Inc. (MDC) recently unveiled that about 99.8% of its stockholders have approved a proposal for the merger agreement between MDC and Sekisui House, Ltd. On Jan 18, Sekisui House — one of the top-tier house manufacturers in Japan — announced that it had signed a definitive agreement to acquire MDC in an all-cash transaction of 4.9billion.Pertheagreement,MDCshareholderswillreceive4.9 billion. Per the agreement, MDC shareholders will receive 63.00 per share in cash, which represents an approximately 19% premium to MDC's closing stock price on J ...