Overview

• Sekisui House, a Japanese homebuilder, has agreed to acquire Denver-based M.D.C. Holdings for $4.9 billion, making it the fifth-largest homebuilder in the U.S.
• The acquisition will double Sekisui's presence in the U.S. to 16 states and expedite its goal of delivering 10,000 homes annually in overseas markets by 2025.
• M.D.C. Holdings, founded in 1972, builds homes under the Richmond American Homes brand in California, Florida, Texas and 13 other states.
• The deal is expected to close in the first half of this year, subject to shareholder and regulatory approvals.
• Executive chairman of M.D.C. Holdings, Larry Mizel, who controls 14.8% of M.D.C. shares, is set to receive $725.2 million from the deal.