Print
EmailPulte, Centex Shareholders Approve Merger
Company Expects to Realize $350 Million in Synergies and Cost Savings Tender to Retire Up to $1.5 Billion of Debt Maturities in Process
Pulte and Centex shareholders today approved a merger in which Pulte would acquire outstanding Centex Corp. stock and become the nation's largest home builder. The new company will trade on the New York Stock Exchange under the symbol PHM. The merger means the company will operate more than 900 communities nationwide. Pulte Homes will retain its corporate headquarters in Bloomfield Hills, Michigan. The company's brands now include Pulte, Del Webb and Centex.
In the 2009 Professional Builder Giant 400 report, Pulte ranked No. 1 with $5.98 billion in revenue and more than 21,000 closings. Centex, based in Dallas at the time of the report, came in with more than 18,000 closings and almost $5.32 billion in revenue.
To read the full release, click here.
To see full coverage since the intention to merge was announced in April, visit our Pulte-Centex landing page, which includes analysis by John Burns.
More like this
- Pulte-Centex Merger Provides Better Local Economies of Scale
- Pulte, D.R. Horton, Lennar top Professional Builder’s Housing Giants rankings
- Pulte's Richard Dugas: 'The curse of our land position is going to be the blessing for the future'
- Pulte, D.R. Horton top Professional Builder's 2011 Housing Giants rankings
- KB Home, PulteGroup top Professional Builder's ranking of largest builders in California
Comments on: "Pulte, Centex Shareholders Approve Merger"
RELATED ARTICLES
Sustained KBI score reflects continued optimism heading into summer.
The American Architectural Manufacturers Association (AAMA) announced the release of an interim procedural guide that will provide a documented, optional process to extend...
Search Our Buyer's Guide
Reference Library
Professional Remodeler’s annual Market Leaders list, which identifies the top...
With demand for custom design, remodeling, and renovations at its highest level since 2005, ...
Normandy Remodeling converts confined kitchen into sprawling galley.
Each year, the National Kitchen and Bath Association surveys its members to identify the latest...
Each year, the National Kitchen and Bath Association surveys its members to identify the latest...
