Sunday, November 10, 2013

Toll buying Shapell home building unit for $1.6 billion

Check out the details from CNBC. 

Toll Brothers is buying the homebuilding business of Shapell Industries for about $1.6 billion in a move that will strengthen its position in California.
Privately held Shapell, founded in 1955, builds luxury homes in the coastal markets of Northern and Southern California. The Shapell family will remain owners of its retail, commercial and multi-family businesses.

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