Latest news with #NewHome
Yahoo
29-05-2025
- Business
- Yahoo
2-10 Home Buyers Warranty Kicks Off National Homeownership Month
Leading new home warranty company continues to enhance the home builder and buyer experience DENVER, May 29, 2025--(BUSINESS WIRE)--2-10 Home Buyers Warranty — a Frontdoor, Inc. (NASDAQ: FTDR) company and a leading administrator of builder warranties — is celebrating June's National Homeownership Month by continuing to support home builders and home buyers with high-quality warranty services that enhance their experience. "National Homeownership Month is a perfect time to highlight how adding 2-10 to the Frontdoor portfolio is a huge win for home builders and home buyers who work with us," said Frontdoor's Chief Revenue Officer Kathy Collins. "Our members can now take advantage of a unique combination — 2-10's 40-plus years of expertise in the new home structural warranty space and Frontdoor's industry-leading suite of home warranties and on-demand services." National Homeownership Month has been an industry-wide celebration since June 2002. In this spirit, 2-10 continues to enhance its New Home Warranty program, post-closing customer-care support and home service plan offerings. "We are laser-focused on supporting our customers," said Libby Snead, VP and General Manager of the 2-10 New Home Team at Frontdoor. "In speaking with builders specifically, the challenge they're facing is how to provide outstanding customer care after the home sale. 2-10 is ready to support them with unmatched expertise." "Moving forward, we anticipate adding more enhancements to our New Home products and services, specifically in terms of warranty administration support," Snead said. For more information about 2-10, please visit About 2-10 Founded and based near Denver, the 2-10 family of companies has products covering over 6 million homes with their complete line of builder warranties and home service plans. Since 1980, 2-10 has been a market leader in helping builders, real estate agents and homeowners protect their businesses and budgets against the unexpected. 2-10 continues to work with thousands of the nation's finest real estate professionals, home builders and service contractors. For more information about 2-10, please visit About Frontdoor, Inc. Frontdoor is the industry leader in home warranties and new home structural warranties, and a leading provider of on-demand home repair and maintenance services. As the parent company of two leading brands — American Home Shield and 2-10 Home Buyers Warranty — totaling more than two million members – we bring over 50 years of experience in the home warranty category, a cultivated national network of independent service contractors, and a reputation for delivering quality service and product innovation. American Home Shield, the leader in home warranties, gives homeowners peace of mind, budget protection and convenience, covering up to 23 home systems and appliances from costly and unexpected breakdowns. 2-10 Home Buyers Warranty is the leader in new home structural warranties, providing home builders with coverage for structural failures. These two brands, together with Frontdoor's cutting-edge on-demand services, provide an unbeatable combination that meets the full suite of homeowner repair and maintenance needs. For more information about Frontdoor, Inc., please visit Forward Looking Statements This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and beliefs, as well as a number of assumptions concerning future events. These statements are subject to risks, uncertainties, assumptions, and other important factors. Readers are cautioned not to put undue reliance on such forward-looking statements, because actual results may vary materially from those expressed or implied. The reports filed by Frontdoor pursuant to United States securities laws contain discussions of these risks and uncertainties. Frontdoor assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are advised to review Frontdoor's filings with the United States Securities and Exchange Commission (which are available on the SEC's EDGAR database at and via Frontdoor's website at View source version on Contacts Alison Bishop901.701.5198mediacenter@ Tom Collins901.701.5198
Business Wire
29-05-2025
- Business
- Business Wire
2-10 Home Buyers Warranty Kicks Off National Homeownership Month
DENVER--(BUSINESS WIRE)-- 2-10 Home Buyers Warranty — a Frontdoor, Inc. (NASDAQ: FTDR) company and a leading administrator of builder warranties — is celebrating June's National Homeownership Month by continuing to support home builders and home buyers with high-quality warranty services that enhance their experience. 'National Homeownership Month is a perfect time to highlight how adding 2-10 to the Frontdoor portfolio is a huge win for home builders and home buyers who work with us,' said Frontdoor's Chief Revenue Officer Kathy Collins. 'Our members can now take advantage of a unique combination — 2-10's 40-plus years of expertise in the new home structural warranty space and Frontdoor's industry-leading suite of home warranties and on-demand services.' National Homeownership Month has been an industry-wide celebration since June 2002. In this spirit, 2-10 continues to enhance its New Home Warranty program, post-closing customer-care support and home service plan offerings. 'We are laser-focused on supporting our customers,' said Libby Snead, VP and General Manager of the 2-10 New Home Team at Frontdoor. 'In speaking with builders specifically, the challenge they're facing is how to provide outstanding customer care after the home sale. 2-10 is ready to support them with unmatched expertise.' 'Moving forward, we anticipate adding more enhancements to our New Home products and services, specifically in terms of warranty administration support,' Snead said. For more information about 2-10, please visit About 2-10 Founded and based near Denver, the 2-10 family of companies has products covering over 6 million homes with their complete line of builder warranties and home service plans. Since 1980, 2-10 has been a market leader in helping builders, real estate agents and homeowners protect their businesses and budgets against the unexpected. 2-10 continues to work with thousands of the nation's finest real estate professionals, home builders and service contractors. For more information about 2-10, please visit About Frontdoor, Inc. Frontdoor is the industry leader in home warranties and new home structural warranties, and a leading provider of on-demand home repair and maintenance services. As the parent company of two leading brands — American Home Shield and 2-10 Home Buyers Warranty — totaling more than two million members – we bring over 50 years of experience in the home warranty category, a cultivated national network of independent service contractors, and a reputation for delivering quality service and product innovation. American Home Shield, the leader in home warranties, gives homeowners peace of mind, budget protection and convenience, covering up to 23 home systems and appliances from costly and unexpected breakdowns. 2-10 Home Buyers Warranty is the leader in new home structural warranties, providing home builders with coverage for structural failures. These two brands, together with Frontdoor's cutting-edge on-demand services, provide an unbeatable combination that meets the full suite of homeowner repair and maintenance needs. For more information about Frontdoor, Inc., please visit Forward Looking Statements This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and beliefs, as well as a number of assumptions concerning future events. These statements are subject to risks, uncertainties, assumptions, and other important factors. Readers are cautioned not to put undue reliance on such forward-looking statements, because actual results may vary materially from those expressed or implied. The reports filed by Frontdoor pursuant to United States securities laws contain discussions of these risks and uncertainties. Frontdoor assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are advised to review Frontdoor's filings with the United States Securities and Exchange Commission (which are available on the SEC's EDGAR database at and via Frontdoor's website at ).
News18
26-05-2025
- Business
- News18
Gold Price Today In India: Yellow Metal Steady; Check City-Wise Rates On May 25
Last Updated: Gold Price Today, May 25: Check latest prices in major metro cities including Delhi, Mumbai, Chennai and Kolkata. Gold Rates Today In India, May 25: Gold and silver prices remained steady in India amid global uncertainties. In Mumbai, the price of gold stood at Rs 89,900 per 10 grams for 22-carat and Rs 98,080 per 10 grams for 24-carat. On the MCX, gold was trading lower by 0.02 per cent to trade at Rs 96,400 per 10 grams and silver was lower by 0.06 per cent to trade at Rs 98,000 per kg. Analysts expect that in the coming sessions, gold is expected to trade in a broad range between Rs 95,000 and Rs 96,500. Key macroeconomic releases including U.S. Manufacturing and Services PMI data, along with New Home Sales figures, will be closely watched by traders for directional cues amid continued global volatility, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities Known for its unmatched purity, 24-carat gold continues to attract buyers seeking premium quality. Meanwhile, 22-carat gold, prized for its durability and timeless charm, remains a favourite among jewellery enthusiasts and investors alike, striking a balance between elegance and practicality.
Los Angeles Times
16-05-2025
- Business
- Los Angeles Times
Irvine Homebuilder New Home Company Acquires Texas Firm
The New Home Company Inc., an Irvine-based home developer, agreed to acquire Dallas-based Landsea Homes Corp. for approximately $430 million. The agreement calls for New Home to acquire all outstanding shares of Landsea Homes for $11.30 per share in cash, which represented a 61% premium to the share price prior to the announcement on May 12. 'Our acquisition of Landsea Homes is an important next step in New Home's long-term growth strategy,' said Matthew Zaist, president and chief executive of New Home, in a statement. The transaction was supported by Apollo Funds, the majority shareholder of New Home, which committed $650 million of new cash equity to facilitate the transaction. The merger is expected to close in the third quarter of 2025. Upon completion, Landsea Homes will become a privately held company, and its common stock will no longer be listed on Nasdaq. The combined company will be led by Zaist. 'This transaction underscores our high conviction in the housing market opportunity and the teams at New Home and Landsea Homes,' said Peter Sinensky, partner at Apollo and a member of New Home's board of directors, in a statement. J.P. Morgan Securities LLC, RBC Capital Markets, Vestra Advisors, and Wells Fargo served as financial advisors to New Home. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to New Home. Moelis & Company LLC acted as exclusive financial advisor to Landsea Homes, while Latham & Watkins LLP acted as its legal counsel. Information for this article was sourced from Landsea Homes.
Yahoo
13-05-2025
- Business
- Yahoo
Landsea Homes Stock Soars On Apollo's New Home Buyout At 61% Premium
Landsea Homes (NASDAQ:LSEA) shares are trading higher on Tuesday. On Monday, the company inked a definitive deal to be acquired by Apollo Global Management, Inc.'s (NYSE:APO) managed portfolio company of funds, New Home, for an enterprise value of around $1.2 billion. As per the deal, New Home will acquire Landsea Homes for $11.30 per share in an all-cash transaction. This purchase price represents a premium of around 61% to Landsea Homes' closing share price on May 12, 2025, the last trading day before the completion of the transaction, Landsea Homes will become a privately held company, and its common stock will no longer be listed on Nasdaq. This transaction is supported by Apollo Funds, the majority shareholder of New Home since 2021, who are committing $650 million of new cash equity to facilitate this credit-enhancing transaction and position the business for future growth. The transaction has been unanimously approved by the Landsea Homes Board of Directors and is expected to close early in the third quarter of 2025, subject to customary closing conditions. Following the successful completion of the tender offer, New Home will acquire all remaining shares not tendered through a second-step merger at the same price. The combined entity is expected to provide homebuyers with a wide array of housing choices, including single-family detached and attached homes, across rapidly expanding markets in Arizona, California, Colorado, Florida, Oregon, Texas, and Washington. This combination will establish an asset-light, returns-focused homebuilder with nearly 4,000 annual closings. John Ho, Chief Executive Officer of Landsea Homes said, 'We believe this transaction with New Home will deliver immediate cash value to our stockholders at a significant premium and provide us with a strong, well-capitalized partner to accelerate our next phase of growth.' In a separate release, Landsea reported first-quarter 2025 adjusted loss per share of 5 cents, exceeding the consensus estimate of 9 cents loss, while sales of $310.8 million missed the Street view of $312 million. Price Action: LSEA shares are up 60.2% at $11.24 at the last check on Tuesday. Image via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Landsea Homes Stock Soars On Apollo's New Home Buyout At 61% Premium originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
