NYSE:TPHConsumer Durables
Tri Pointe Credit Shift Clarifies Sumitomo Control And Investor Priorities
Tri Pointe Homes amended its credit agreement to address lender terms related to its pending merger with Sumitomo Forestry.
The amendment updates change in control provisions that could have affected the transaction.
This move represents another formal step toward closing the merger between Tri Pointe Homes and Sumitomo Forestry.
For investors watching NYSE:TPH, the amended credit agreement comes as the stock trades at $46.89 and has logged a 48.5% return year to date and 51.9% over the...