MDC Completes $4.9 Billion Sale to Japan’s Sekisui House

Paul, Weiss advised MDC Holdings, Inc., one of the U.S.’s leading homebuilders operating under the name Richmond American Homes, on its $4.9 billion all-cash acquisition by a wholly owned subsidiary of Japan-based homebuilder Sekisui House, Ltd. Under the terms of the deal, Sekisui House acquired MDC for $63.00 per share. MDC will be delisted from the New York Stock Exchange.

The Paul, Weiss team was led by corporate partners Bob Schumer and Michael Vogel, and included, among others, Luke Jennings, Jarryd Anderson, Charles Pesant and Tong Yu and counsel David Sobel, Nathan Mitchell and Katherine Shaia; executive compensation partner Lawrence Witdorchic and counsel Sasha Belinkie; litigation partners Geoffrey Chepiga, Joshua Soven, Jaren Janghorbani and John Carlin and counsel Jacobus Schutte, Matthew Stachel and Steven Herzog; tax partners Brian Krause and Sohail Itani; intellectual property partner Claudine Meredith-Goujon; antitrust counsel John Magruder and Marta Kelly; and environmental counsel William O'Brien.