AV Homes: Potential Deal Upside

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About: AV Homes, Inc (AVHI), Includes: TMHC
by: Deep Value One
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Deep Value One
Long/short equity
Summary

July 13 prospectus reveals a "Company F" that may counter-bid for AVHI.

The new bid deadline is this Sunday, July 22, 2018.

Both TMHC and "Company F" initially bid above $23 per share. The current announced acquisition price is $21.50.

On Friday, July 13, Taylor Morrison Home Corp. (TMHC) issued a detailed Form S-4/prospectus that laid out the history and terms of the recently announced acquisition of AV Homes, Inc. (AVHI)