Sumitomo Forestry will acquire Tri Pointe Homes for $47 per share, valuing it at $4.5 billion.
Tri Pointe will remain a standalone brand under existing leadership as Sumitomo expands U.S. housing scale.

Tri Pointe Homes entered into a definitive merger agreement to be acquired by Sumitomo Forestry for $47.00 per share in an all-cash transaction. The deal, which has been approved by the board of directors, represents a transition for the homebuilder as it joins the Japanese-based forestry and homebuilding group. Sumitomo Forestry has secured a debt financing commitment equivalent to $5.4 billion to fund the acquisition, though the transaction is not subject to a financing condition.

The agreement includes a customary no-shop provision, restricting the company from soliciting alternative proposals. However, a fiduciary out allows for negotiations on superior offers. If the company terminates the deal to accept a better bid or if the board changes its recommendation, it must pay an $82 million termination fee. The merger is expected to close in the second quarter of 2026, subject to shareholder approval and regulatory clearances under the Hart-Scott-Rodino Act. The drop-dead date for the transaction is August 13, 2026, with provisions for a three-month extension if regulatory approvals are pending.

Source: panabee.com