Rollins Agrees to Purchase Hometeam Pest Defense from Centex
ATLANTA & DALLAS, Mar 31, 2008 (BUSINESS WIRE) — Rollins, Inc. (NYSE:ROL) has entered into a definitive purchase agreement with subsidiaries of Centex Corporation (NYSE:CTX) to acquire, through the purchase of assets, its pest control business, HomeTeam Pest Defense. The purchase price will be paid in cash and is expected to be approximately $137 million. The closing of the transaction is expected in early April, subject to the satisfaction of customary conditions.Rollins plans to operate HomeTeam separately, along with its other wholly owned pest management subsidiaries: Orkin, PCO Services, Western Pest Services and The Industrial Fumigant Company. HomeTeam has 50 … Read more