secwatch.observer — SEC 8-K summary
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Issuer:     SEKISUI HOUSE U.S., INC. (—)
CIK:        0000773141
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0000950142-24-001115
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sekisui House completes acquisition of MDC for $63/share cash, ~$4.9B equity value
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- Completed acquisition at $63.00 per share cash; equity value ~$4.9 billion; debt financing of $4.5 billion.
- MDC common stock delisted from NYSE; Form 15 filed to terminate registration and suspend reporting.
- Larry Mizel and David Mandarich remain as Executive Chairman and CEO through Dec 2025; transaction bonuses of $33M and $21M.
- New board of 11 directors appointed, including Toru Tsuji (CEO of SH Residential) and Rick Robideau (CFO).
- Sekisui House Group annual supply now ~15,000 units across 16 U.S. states, achieving overseas detached home target ahead of schedule.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/773141/000095014224001115/0000950142-24-001115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/773141/000095014224001115/eh240470925_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-24-001115

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