NWHM - The New Home Company to go private at $9.0 per share in $173M cash deal with Apollo Funds

Zhanna Hapanovich/iStock via Getty Images The New Home Company (NWHM) inks a merger agreement under which the Apollo Funds (APO) have agreed to acquire the Company in an all-cash transaction for $9.00 per share. The offer price per share represents a premium of ~85% over NWHM's closing share price on July 22, 2021. The transaction values NWHM at an enterprise value of approximately $338 million. The deal has been unanimously approved by the board of NWHM. The holders of ~30% of NWHM’s shares have agreed to tender their shares to the Apollo Funds pursuant to the tender offer in accordance with the terms of a support agreement. Post-closing, NWHM will become a privately held company and shares of NWHM common stock will no longer be listed on any public market.

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The New Home Company to go private at $9.0 per share in $173M cash deal with Apollo Funds