Sumitomo closes Tri Pointe deal, vaulting into a top-10 U.S. builder

Sumitomo Forestry has officially closed its acquisition of Tri Pointe Homes, moving from “agreement announced” to “deal done” on a $47-per-share, all-cash transaction that reshapes the upper tier of U.S. homebuilding scale and accelerates a deeper play on vertical integration. Deal terms now locked in Tokyo-based Sumitomo Forestry Co. Ltd. and Tri Pointe Homes Inc. […]