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04/11/09
Pulte-Centex merger would create megabuilder
Filed under: General, Business, Real Estate
Posted by: Lillian Wong @ 12:26 pm

Two major home builders with operations in the Phoenix area hope to ride out the housing downturn by combining forces and cutting costs. Pulte Homes Inc. said Wednesday that it plans to acquire Centex Corp. in a $1.3 billion all-stock transaction that company officials say would make the combined entity the nation’s largest home builder, surpassing current top-seller D.R. Horton Inc.  more…

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