Toll to Buy California Homebuilder Shapell for $1.6B

November 2013
Mergers & Acquisitions Report;11/11/2013, Vol. 28 Issue 45, p20
The article reports on the decision of luxury-home builder Toll Brothers Inc. to acquire the homebuilding business of real property company Shapell Industries Inc. in November 2013. The business will be purchased by Toll for around 1.6 billion dollars. The acquisition deal will expand the properties of Toll in California.


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