Why William Lyon Homes Stock Just Popped 11%

Shares of William Lyon Homes (NYSE: WLH) stock are up 11% as of 3 p.m. EST Wednesday, and it isn't hard to figure out why.

This morning, the homebuilder announced that it has agreed to sell itself to rival Taylor Morrison (NYSE: TMHC), merging to create "the nation's fifth largest homebuilder based on LTM [last 12 months] home deliveries."

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Source Fool.com