British homebuilder Taylor Wimpey (TW.L) received at least four bids for its North American assets, including one valuing them as high as $1.05 billion, by a deadline last Friday, people familiar with the matter said. Mattamy Homes, Canada's largest new home builder, and U.S. builder Meritage Homes Corp (MTH.N) are bidding on some or all of Taylor Wimpey's U.S. and Canadian divisions, said a source with direct knowledge of the bids. A private builder that had offered to pay in the range of 90 percent to 110 percent of the combined assets' $950 book value has dropped out of the auction, said another source with direct knowledge of that bid. JPMorgan Chase (JPM.N), the bank hired to run the sale, told the company its bid was too low, the source said.
Source
