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Stock Market & Financial Investment News

News Breaks
June 23, 2014
07:05 EDTWLHWilliam Lyon Homes to acquire residential homebuilding unit of Polygon Northwest
William Lyon Homes and Polygon Northwest Company L.L.C. announced that they have entered into a definitive purchase agreement pursuant to which William Lyon Homes will acquire the residential homebuilding business of Polygon Northwest for a cash purchase price of approximately $520M. The transaction marks the company’s entry into the Pacific Northwest region, and is expected to close in the third quarter of 2014, subject to the satisfaction of certain closing conditions. Upon the closing of the transaction, it is anticipated that the acquired entities will begin operating as two new divisions of William Lyon Homes under the Polygon name, one in Washington with a core market of Seattle, and the other in Oregon with a core market of Portland. The company has received a commitment for financing as necessary to fund the entire amount of cash consideration required to complete the transaction. The transaction is not subject to a financing condition. The company intends to use cash on hand to fund a portion of the purchase price for the acquisition, and expects the long-term financing structure for the balance of the acquisition to be placed through capital markets transactions.
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September 17, 2014
07:04 EDTWLHWilliam Lyon Homes files $600M mixed securities shelf
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