D.R. Horton Completes Tender Offer to Acquire Vidler Water Resources
Summary
Horton”), America’s Builder, today announced the successful completion of the cash tender offer, through its directly owned subsidiary, for all of the outstanding shares of common stock of Vidler Water Resources, Inc. (Nasdaq: VWTR) (“Vidler”), at a purchase price of $15.75 per share in cash, without interest and less applicable tax withholding. Horton completed the acquisition of Vidler through a merger of its directly owned subsidiary with and into Vidler, with Vidler being the surviving corporation, in which all shares not tendered into the offer were cancelled and converted into the right to receive cash equal to the $15.75 offer price per share, without interest and less any applicable tax withholding. Horton and the common stock of Vidler is no longer listed or traded on the Nasdaq. Horton, Inc., America’s Builder, has been the largest homebuilder by volume in the United States since 2002. The Company is engaged in the construction and sale of high-quality homes through its diverse brand portfolio that includes D.R.