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Berkshire Hathaway Announces First Takeover Since Warren Buffett's Exit

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Berkshire Hathaway (BRKB) will buy homebuilder Taylor Morrison Home (TMHC) for $8.5 billion, the first new acquisition announcement since Warren Buffett stepped down as CEO on Dec. 31. Berkshire will pay $72.50 a share in cash, a 24% premium to Taylor Morrison's Friday close of 58.50. The deal has an equity value of $6.8 billion and an enterprise value of…