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04/20/08
Meritage Homes plans to offer 4 million shares
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:58 pm

Meritage Homes Corp., the U.S. builder that sells most of its homes in Texas, Arizona and California, plans to sell up to 4 million shares of stock in a public offering. The underwriters will have the option to purchase up to an additional 600,000 shares, Scottsdale-based Meritage said Wednesday. Citi Markets & Banking will lead the share sale, and Meritage plans to use the proceeds for working capital and general corporate purposes.

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