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Taylor Morrison Announces Agreement to Sell Canadian Business to Mattamy Homes

As reported in The Wall Street Journal  and other media outlets, Paul, Weiss client Taylor Morrison Home Corporation announced that its subsidiary has entered into a definitive agreement to sell Monarch Corporation, its Canadian operations, to an affiliate of Mattamy Homes Limited for a cash purchase price to be determined based on the December 31 Monarch balance sheet and certain agreed-upon adjustments. The transaction, expected to close in the first quarter of 2015, is subject to customary closing conditions, including approval by the Canadian Competition Bureau.

 The Paul, Weiss team included corporate partners Thomas de la Bastide, Ted Maynard, Lawrence Wee and John Kennedy; tax partner David Mayo; and employee benefits partner Robert Fleder and counsel Erin Murphy.

December 16, 2014

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