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Berkshire Hathaway buys homebuilder Taylor Morrison in first deal under new CEO

OMAHA, Neb. (AP) — Berkshire Hathaway 's new CEO Greg Abel hinted that he may depart from Warren Buffett 's longtime hands-off operating model at the conglomerate as he announced a $6. 8 billion acquisition of homebuilder Taylor Morrison. Abel suggested in the deal announcement he plans to consolidate Taylor Morrison with Berkshire's existing site-built homebuilding operations that are part of its Clayton Homes subsidiary. For six decades under Buffett, Berkshire promised to largely leave it...

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