Toll Brothers will issue shares, take on new debt to acquire Shapell

By Inman News Feed
Add Comment Add Comment | Comments: 0 | Posted Nov. 7, 2013

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Toll Brothers Inc. says it will issue more than 6 million shares and take on new debt to acquire rival homebuilder Shapell Industries in a deal valued at $1.6 billion, the Wall Street Journal reports. Toll has a commitment for ...

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