Pulte Homes agrees to buy Centex in $1.3B deal: "NEW YORK – Pulte Homes Inc. is buying Centex Corp. for $1.3 billion in stock in a deal that will create the nation's largest homebuilder that caters to everyone from first-time homebuyers to grandparents looking to move into retirement communities.
The acquisition also will give Pulte large tracts of land in Texas and the Carolinas, two of the most resilient real estate markets, and a presence in 29 states and Washington, D.C.
The new company, which will include the Del Webb and Fox & Jacobs brand homes, will keep the Pulte name and headquarters in Bloomfield Hills, Mich. There will be an unspecified number of job cuts."
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"The two most similar companies in homebuilding" decide that...there can be only one!
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