Sumitomo Forestry to Acquire Tri Pointe Homes for $47

Sumitomo Forestry Co., Ltd. has agreed to acquire Tri Pointe Homes, Inc. through a merger in which Teton NewCo, Inc. will merge with and into Tri Pointe Homes. If completed, Tri Pointe Homes will become a wholly owned subsidiary of Sumitomo Forestry.

Under the merger terms, Tri Pointe Homes stockholders will receive $47.00 in cash per share, without interest and subject to applicable withholding taxes, unless they properly exercise appraisal rights. The company’s board unanimously recommends that stockholders vote to adopt the merger agreement.

A special meeting is scheduled for April 16, 2026 at 10:00 a.m. Pacific Time to consider the merger agreement proposal.