Wednesday, April 8, 2009

Pulte to Buy Centex for $1.3 Billion in Survival Bid

All over the news this morning (both tv & twitter) was this story about how Pulte (who is the #4 homebuilder in the U.S.) is buying Centex.

Pulte Homes Inc. agreed to buy Centex Corp. for $1.3 billion in an
all-stock deal that creates the largest U.S. homebuilder by revenue and throws
each of them a lifeline in the worst housing slump since the 1930s.

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