Tri Pointe Homes to Be Acquired for $47.00/Share

Tri Pointe Homes, Inc. has entered into a merger agreement with Sumitomo Forestry Co., Ltd. and a Delaware merger subsidiary. If the merger is completed, Merger Sub will merge with and into Tri Pointe Homes, with Tri Pointe Homes continuing as a wholly owned subsidiary of Sumitomo Forestry.

Under the terms described in the proxy statement, Tri Pointe Homes stockholders will receive $47.00 in cash, without interest, for each share of Tri Pointe Homes common stock they own immediately prior to the effective time of the merger, subject to withholding taxes and appraisal rights. The company’s board unanimously approved the merger agreement and recommends stockholders vote in favor.