Financial Wire

Sumitomo Forestry Clears Key Hurdle in Tri Pointe Homes Acquisition

-- Sumitomo Forestry (TYO:1911) said Tri Pointe Homes shareholders approved a proposal required for its acquisition of the U.S. builder at a special meeting held on April 16, bringing the deal a step closer to completion, according to a Friday filing on the Tokyo Stock Exchange.

The Japanese company said the transaction still remains subject to approvals from relevant authorities.

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