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AV Homes Inc. (AVHI) 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 gapped open sharply higher Thursday, but traded in a range throughout the session. The stock closed up by 4.75 at $21.25 on the highest volume of the year. AV Homes leaped to a new high for the year.

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