Paulson eyes up Taylor Wimpey’s US business

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap Paulson eyes up Taylor Wimpey’s US business whatsapp HOUSEBUILDER Taylor Wimpey has received at least three bids for its North American assets, which could be worth about £600m, according to reports last night.Hedge fund billionaire John Paulson’s Rain Tree Investment, Barry Sternlicht’s Starwood Capital Group and a private US homebuilder have submitted bids for Taylor Morrison, the firm’s arm in North America. Both Rain Tree and Starwood reportedly bid the branch’s book value, which analysts put at about £600m. Taylor Wimpey hired JPMorgan Chase last year to sell its US and Canadian assets, and said in its trading update on Tuesday that it was in the early stages of evaluating several interested bidders. Taylor Wimpey was unavailable for comment last night. KCS-content Share whatsapp Wednesday 19 January 2011 8:40 pm Tags: NULL Show Comments ▼last_img read more