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Homebuilders Pulte, Centex merge

Pulte Homes and Centex Corp. have merged. Boards of both companies approved an agreement in a stock-for-stock transaction valued at $3.1 billion, including $1.8 billion of net debt. Pulte has built homes in The Heights at Cross Creek, The Bluffs at Spring Creek, Sand Creek Villas and Countryside Townhomes. Centex currently has no active new… Continue Reading Homebuilders Pulte, Centex merge