A centuries-old Japanese logging conglomerate struck a $4.5B deal to buy Tri Pointe Homes. 
Sumitomo Forestry Co., a logging firm founded in 1691 that has been buying up U.S. homebuilders, agreed to pay a 29% premium on the Thursday closing price of Tri Pointe’s stock in an all-cash deal that will take the company private while keeping current management and operations in place.