New Home Co. entered a merger agreement on May 13, 2025, to acquire Landsea Homes Corporation (LSEA) in an all-cash deal valued at $1.2 billion.
Under the terms of the agreement, New Home will commence a tender offer to acquire all outstanding shares of Landsea Homes for $11.30 per share in cash, representing a premium of 60.97% from the stock’s last close.