centex: Pulte Homes to acquire Centex - 04/10/09 09:53 AM
Home builder Pulte Homes Inc. will buy rival Centex Corp. in a $1.3 billion deal.
The deal is made up of a stock-for-stock swap valued at $3.1 billion, including $1.8 billion of net debt.
Bloomfield Hills, Mich.-based Pulte (NYSE: PHM) is metro Atlanta's second-largest home builder, with Dallas-based Centex (NYSE: CTX) ranked at No. 14, according to Atlanta Business Chronicle's 2008-2009 Book of Lists.
Pulte had two of the top-selling communities in 2008 in metro Atlanta -- Village at Deaton Creek and Sun City Peachtree.
"Combining these two industry leaders with proud legacies into one company puts us in an excellent … (0 comments)

 
Joshua Jarvis, Moving Families Forward. (Virtual Properties - Atlanta Real Estate)

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