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AV Homes Inc. (AVHI) Has Jumped To A New High After Bought By Taylor Morrison

AV Homes Inc. (AVHI) announced Thursday morning that it has agreed to be acquired by Taylor Morrison Home (TMHC) for $21.50 per share in a cash and stock deal, valued at approximately $963 million.

AV Homes has gapped open sharply higher this morning and is now up 4.72 at $21.22 with volume at over a 10-month high. The stock has leaped to a new high for the year.

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