Toll Brothers To Acquire Shapell Industries Homebuilding Business - Presented by: The Aol. On Network

This morning, Toll Brothers (TOL) announced it would buy the homebuilding business of Shapell Industries in a deal worth $1.6 billion as the company tries to strengthen its position in California's luxury market. Upon completion, the deal will add 5,200 lots to the company's California portfolio and is expected to close in the first quarter of 2014.



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