Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's good to be with you on this Monday, June 1st.

It's the first day of the trading week, the first day of the trading month, and the first day of hurricane season.

I'm Julie Morgan.

Berkshire Hathaway has agreed to acquire home builder Taylor Morrison in an all-cash

transaction valued at approximately $8.5 billion.

Under the terms of the agreement, Berkshire will pay $72.50 per share for Taylor Morrison,

representing a 24% premium to the company's closing stock price of $58.50 on Friday.

The deal values Taylor Morrison's equity at roughly $6.8 billion, and its enterprise value at approximately $8.5 billion.

The acquisition is expected to close during the second

half of this year, subject to customary closing conditions. After the transaction is completed,

Taylor Morrison will become a privately held company. The deal marks one of Berkshire Hathaway's

largest acquisitions in recent years

and signals a significant vote of confidence in the long-term outlook for U.S. housing

despite elevated mortgage rates and affordability concerns.

TMHC is up 21% in pre-market action.

Yum Brands is in exclusive discussions to sell its Pizza Hut chain to long-range capital.

According to a Bloomberg report which cited people familiar with the matter,

Yom entered the exclusive talks in recent days beating out offers from Sycamore.

The parties are moving ahead with a potential deal in several weeks.

Yum Long Range and Sycamore declined to comment to Bloomberg.

Yum launched a formal strategic review of the Pizza Hut chain back in November,

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