Pulte Homes and Centex Shareholders Overwhelmingly Approve Merger
Combination Creates Nation’s Largest Homebuilder with Unmatched Brand Portfolio Company Expects to Realize $350 Million in Synergies and Cost Savings Tender to Retire Up to $1.5 Billion of Debt Maturities in Process BLOOMFIELD HILLS, Mich., Aug 18, 2009 (BUSINESS WIRE) — Pulte Homes (NYSE: PHM) and Centex Corporation (NYSE: CTX) announced that, at a special meeting of shareholders held today by each company, shareholders overwhelmingly approved the merger of Pulte Homes and Centex. Pulte Homes and Centex received votes representing more than 80% and 72%, respectively, of shares outstanding, with more than 99% of these voted in support of the … Read more