Taylor Morrison extends, expands stock repurchase

Taylor MorrisonPlans to buy back $100 million in class-A shares over the next 16 months.

Builder

Taylor Morrison Home Corporation, Scottsdale (NYSE: TMHC) on Monday announced that its board authorized an extension of its stock repurchase program until Dec. 31, 2018.

The board also increased the amount available for repurchases under the program to a maximum total amount of $100 million of the Company’s Class A Common Stock. The repurchase program had been due to expire on Dec. 31, 2017 and had $56.4 million remaining under the existing authorization that is being extended and increased. Repurchases of the Company’s Class A Common Stock under the program will occur from time to time in open market purchases, privately negotiated transactions or other transactions through Dec. 31, 2018.

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