In a significant development for M.D.C. Holdings (NYSE:MDC), the company's stockholders approved a merger agreement with Sekisui House during a special meeting held on April 2, 2024.

The approval clears a pivotal step towards finalizing the merger, under which MDC stockholders are set to receive $63 per share in cash.

This approval reflects a near-unanimous consensus among voting stockholders, signaling strong support for the merger anticipated to close in the second quarter of 2024, subject to customary closing conditions.

MDC leadership expressed gratitude to stockholders for their backing and to team members for their dedication throughout the transaction process.