Pulte Homes Gonna Buy Centex Corp for $ 1.3 Billion. Survival Bid.

Wow! The Centex Corp. Is Just Sold Out !

Pulte Homes Gonna Take It!

I Read The Following Site:

http://www.bloomberg.com/apps/news?pid=20601103&sid=aqhv1iSaaeOk&refer=news

The Reported News Is:

8 April  --Pulte Homes agreed to buy Centex Corporation for $1.3 billion.

Pulte Holmes has agreed to pay 0.975 of a share for each Centex share, valuing Centex at $10.50, or 38 percent more than yesterday’s closing price....

The transaction which is   approved by both companies boards, includes $1.8 billion in net debt.....................

Pulte and Centex are combining as homebuilder shares have rallied in the past month on speculation that lower mortgage rates would help the industry recover............................

“This is really really very good cos not only are there too many homes, there are too many homebuilders!” said Vicki Bryan, Texa Based. “

Cash is The Real King && this gives them $3.4 billion,,,, which means that  they don’t need the banks to survive.......

...........!!!"

Also  I Came Across This Site:

http://www.forbes.com/feeds/afx/2009/04/08/afx6268885.html

centex, centex homes pulte phm ctx

Which Reports:

Centex Shares jumped by 23% to $9.40 in premarket trade on Wednesday after Centrex Corp agreed to be acquired by Pulte Homes for $ 1.3 billion in stock.........

Also See:

http://www.google.com/trends/hottrends?q=pulte+homes&date=2009-4-8&sa=X

Also See:

http://www.google.com/hostednews/ap/article/ALeqM5gHs5OM3gFG_DytQQZFbWfgPT08MAD97E929O0

http://www.forbes.com/feeds/afx/2009/04/08/afx6268885.html