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Toll Brothers Inc announces closing of purchase of Shapell Industries, LLC


Wednesday, 5 Feb 2014 06:00am EST 

Toll Brothers Inc:Says the completion of its acquisition of the homebuilding operations of Shapell Industries, LLC (Shapell Homes), a private California land development and home building company, for about $1.60 billion in cash.Says purchase includes about 5,200 home sites, 97.5% of which are entitled, in established coastal California communities. 

Company Quote

33.75
0.64 +1.93%
4:00pm EDT