Landsea Homes (LSEA) has released an update.
Landsea Homes Corporation has moved to strengthen its market presence by agreeing to purchase all of Antares Acquisition, LLC’s outstanding membership interests for $185 million, with terms allowing for post-closing financial adjustments. To facilitate this acquisition, the deal’s terms were recently modified to extend the closing deadline, add a $15 million deposit to the sellers, and ensure the company covers certain seller expenses, illustrating Landsea’s commitment to securing this strategic expansion.
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