BUZZ-Tri Pointe Homes jumps after Sumitomo Forestry buyout deal

Reuters

02/13

BUZZ-<a href="https://laohu8.com/S/TPH">Tri Pointe Homes</a> jumps after <a href="https://laohu8.com/S/SMFRF">Sumitomo Forestry</a> buyout deal

** Homebuilder Tri Pointe Homes TPH.N shares rise 25.8% to $46 premarket after Japan's Sumitomo Forestry 1911.T to acquire co for $4.5 bln

** TPH shareholders to receive $47 per share in cash

** Offer price at a premium of 29% to stock's Thursday close of $36.57

** TPH has market cap of $3.14 bln as of last close

** Co's Q3 results beat estimates in October

** TPH shares declined 13.2% in 2025, up 16.2% YTD

(Reporting by Utkarsh Tushar Hathi)

((utkarshtushar.hathi@thomsonreuters.com))

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