The Globe and Mail reports in its Tuesday edition that Berkshire Hathaway agreed on Sunday to buy Taylor Morrison Home Corp. for $6.8-billion in cash, expanding the conglomerate's housing business (all figures U.S.). A Reuters dispatch to The Globe says the transaction is Berkshire's first multibillion-dollar acquisition since Canadian Greg Abel became chief executive officer at the start of the year, replacing Warren Buffett, who remains chairman. It also lets Abel spend some of Berkshire's cash hoard, which ended March at $380.2-billion. Mr. Abel also oversees most of Berkshire's common stock portfolio, led by Apple and including a growing stake in Google parent Alphabet. Berkshire agreed to pay $72.50 per share for Taylor Morrison, a 24-per-cent premium over the Scottsdale, Ariz., company's closing stock price of $58.50 on Friday. Taylor Morrison posted net income of $782.5-million on revenue of $8.12-billion in 2025. Berkshire has long owned and invested in the housing industry. It acquired the Clayton Homes manufactured homebuilder in 2003. Berkshire's stock portfolio included stakes in homebuilders Lennar Corp. and NVR at the end of March. Mr. Abel called Taylor Morrison a "best-in-class national homebuilder."