TITLE

Pulte Agrees To Acquire Centex

AUTHOR(S)
Davis, Avram
PUB. DATE
April 2009
SOURCE
Mergers & Acquisitions Report;4/13/2009, Vol. 22 Issue 15, p5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reports on the acquisition by residential construction firm Pulte Homes of its smaller competitor Centex Corporation. The acquisition deal is valued at 3.1 billion U.S. dollars. It is estimated that the deal will lead to savings of 250 million U.S. dollars for Pulte in overhead expenses annually and 100 million U.S. dollars in debt expense relief. Richard J. Dugas Jr. of Pulte says the transaction will enable the firm to take advantage of Centrex's land positions to Pulte's.
ACCESSION #
44127926

 

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