William Lyon Homes (the “Company”) (NYSE: WLH) announced that it
will host a conference call to discuss its previously released
third quarter 2019 financial results on Thursday, November 21, 2019
at 1:00 p.m. Pacific Time. The Company’s previously scheduled third
quarter 2019 financial results conference call was postponed in
light of the concurrent announcement of the agreement to be
acquired by Taylor Morrison Home Corporation. Due to the pending
transaction, the Company will not be conducting a question and
answer session on the call.
The call will be available via both the telephone at (855)
851-4524 or (720) 634-2900, conference ID #6471799, or through the
Company’s website at www.lyonhomes.com
in the Investor Relations section of the site.
A replay of the call will be available through November 29, 2019
by dialing (855) 859-2056 or (404) 537-3406, conference ID
#6471799. A webcast replay of the call will also be available on
the Company’s website approximately two hours after the
broadcast.
About William Lyon Homes
William Lyon Homes is one of the largest Western U.S. regional
homebuilders. Headquartered in Newport Beach, California, the
Company is primarily engaged in the design, construction, marketing
and sale of single-family detached and attached homes in
California, Arizona, Nevada, Colorado, Washington, Oregon and
Texas. Its core markets include Orange County, Los Angeles, San
Diego, Riverside, San Bernardino, the South and East Bay Areas of
San Francisco, Phoenix, Las Vegas, Denver, Fort Collins, Portland,
Seattle, Houston, Austin and San Antonio. The Company has a
distinguished legacy of more than 60 years of homebuilding
operations, over which time it has sold in excess of 111,000 homes.
The Company markets and sells its homes under the William Lyon
Homes brand in all of its markets except for Washington and Oregon,
where the Company operates under the Polygon Northwest brand.
Forward-Looking Statements
Some of the statements in this communication are forward-looking
statements (or forward-looking information) within the meaning of
applicable U.S. securities laws. These include statements using the
words “believe,” “target,” “outlook,” “may,” “will,” “should,”
“could,” “estimate,” “continue,” “expect,” “intend,” “plan,”
“predict,” “potential,” “project,” “intend,” “estimate,” “aim,” “on
track,” “target,” “opportunity,” “tentative,” “positioning,”
“designed,” “create,” “seek,” “would,” “upside,” “increases,”
“goal,” “guidance” and “anticipate,” and similar statements and the
negative of such words and phrases, which do not describe the
present or provide information about the past. There is no
guarantee that the expected events or expected results will
actually occur. Such statements reflect the current views of
management of William Lyon Homes, a Delaware corporation (“William
Lyon Homes”), or Taylor Morrison Home Corporation, a Delaware
corporation (“Taylor Morrison”), and are subject to a number of
risks and uncertainties. These statements are based on many
assumptions and factors, including general economic and market
conditions, industry conditions, operational and other factors. Any
changes in these assumptions or other factors could cause actual
results to differ materially from current expectations. All
forward-looking statements attributable to William Lyon Homes or
Taylor Morrison or persons acting on their behalf, and are
expressly qualified in their entirety by the cautionary statements
set forth in this paragraph. Undue reliance should not be placed on
such statements. In addition, material risks and uncertainties that
could cause actual results to differ from forward-looking
statements include, among other things: the inherent uncertainty
associated with financial or other projections, including
anticipated synergies; the integration of William Lyon Homes and
Taylor Morrison and the ability to recognize the anticipated
benefits from the combination of William Lyon Homes and Taylor
Morrison, and the amount of time it may take to realize those
benefits, if at all; the risks associated with William Lyon Homes’
and Taylor Morrison’s ability to satisfy the conditions to closing
the consummation of the merger, including obtaining the requisite
stockholder approvals, and the timing of the closing of the merger;
the failure of the merger to close for any other reason; the
outcome of any legal proceedings that may be instituted against the
parties and others related to the merger; any unanticipated
difficulties or expenditures relating to the merger; the effect of
the announcement and pendency of the merger on the respective
business relationships or operating results of William Lyon Homes,
Taylor Morrison, or the combined company; risks relating to the
value of the Taylor Morrison common stock to be issued in
connection with the merger, and the value of the combined company’s
common stock after the merger is consummated; the anticipated size
of the markets and continued demand for William Lyon Homes’ and
Taylor Morrison’s homes and the impact of competitive responses to
the announcement and pendency of the merger; the diversion of
attention of management of William Lyon Homes or Taylor Morrison
from ongoing business concerns during the pendency of the merger;
and the access to available financing on a timely basis, and the
terms of any such financing. Additional risks and uncertainties are
described in William Lyon Homes’ and Taylor Morrison’s respective
filings with the U.S. Securities and Exchange Commission (the
“SEC”), including as described under the heading “Risk Factors” in
William Lyon Homes’ Annual Report on Form 10-K for the year ended
December 31, 2018 filed with the SEC on February 28, 2019, in
Taylor Morrison’s Annual Report on Form 10-K for the year ended
December 31, 2018, filed with the SEC on February 20, 2019, and in
their respective subsequent Quarterly Reports on Form 10-Q.
Forward-looking statements speak only as of the date they are made.
Except as required by law, neither William Lyon Homes nor Taylor
Morrison has any intention or obligation to update or to publicly
announce the results of any revisions to any of the forward-looking
statements to reflect actual results, future events or
developments, changes in assumptions or changes in other factors
affecting the forward-looking statements.
Important Additional Information and Where to Find it
This communication is not intended to and does not constitute an
offer to sell or the solicitation of an offer to subscribe for or
buy or an invitation to purchase or subscribe for any securities or
the solicitation of any vote or approval in any jurisdiction, nor
shall there be any sale, issuance or transfer of securities in any
jurisdiction in contravention of applicable law. In connection with
the proposed merger between William Lyon Homes and Taylor Morrison,
Taylor Morrison will file with the SEC a registration statement on
Form S-4 that will include a joint proxy statement of William Lyon
Homes and Taylor Morrison that also constitutes a prospectus of
Taylor Morrison (the “Joint Proxy Statement/Prospectus”). William
Lyon Homes and Taylor Morrison plan to mail to their respective
shareholders the definitive Joint Proxy Statement/Prospectus in
connection with the merger. INVESTORS AND SECURITY HOLDERS OF
WILLIAM LYON HOMES AND TAYLOR MORRISON ARE URGED TO READ THE JOINT
PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED OR TO
BE FILED WITH THE SEC CAREFULLY WHEN IT BECOMES AVAILABLE BECAUSE
IT WILL CONTAIN IMPORTANT INFORMATION ABOUT WILLIAM LYON HOMES,
TAYLOR MORRISON, THE MERGER AND RELATED MATTERS. Investors and
security holders will be able to obtain free copies of the Joint
Proxy Statement/Prospectus (when available) and other documents
filed with the SEC by William Lyon Homes and Taylor Morrison
through the website maintained by the SEC at www.sec.gov. In
addition, investors and security holders will be able to obtain
free copies of the documents filed with the SEC by William Lyon
Homes in the Investor Relations section of William Lyon Homes’
website at www.lyonhomes.com or by contacting William Lyon Homes’
Investor Relations at WLH@finprofiles.com or by calling (310)
622-8223, and will be able to obtain free copies of the documents
filed with the SEC by Taylor Morrison in the Investor Relations
section of Taylor Morrison’s website at
http://investors.taylormorrison.com or by contacting Taylor
Morrison’s Investor Relations at investor@taylormorrison.com or by
calling (480) 734-2060.
Participants in the Merger Solicitation
William Lyon Homes, Taylor Morrison, and certain of their
respective directors, executive officers and employees may be
considered participants in the solicitation of proxies in
connection with the proposed merger. Information regarding the
persons who may, under the rules of the SEC, be deemed participants
in the solicitation of the shareholders of William Lyon Homes and
Taylor Morrison in connection with the merger, including a
description of their respective direct or indirect interests, by
security holdings or otherwise, will be included in the Joint Proxy
Statement/Prospectus described above when it is filed with the SEC.
Additional information regarding William Lyon Homes’ directors and
executive officers is also included in William Lyon Homes’ proxy
statement for its 2019 Annual Meeting of Stockholders, which was
filed with the SEC on March 29, 2019, and information regarding
Taylor Morrison’s directors and executive officers is also included
in Taylor Morrison’s proxy statement for its 2019 Annual Meeting of
Shareholders, which was filed with the SEC on April 16, 2019. These
documents are available free of charge as described above.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191118005876/en/
Investor/Media Contact: Larry Clark Financial Profiles,
Inc. 310-622-8223 WLH@finprofiles.com
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