Pulte Homes, Inc. (NYSE: PHM) and Centex Corporation (NYSE: CTX)
today announced that the companies have scheduled their respective
special meeting of shareholders for August 18, 2009. The primary
purpose of the meetings is to allow each company�s shareholders to
vote on the proposed merger between Pulte Homes and Centex.
Having been notified by the Securities and Exchange Commission
that the registration statement on Form S-4 has been declared
effective, both Pulte Homes and Centex expect to mail definitive
proxy materials to their respective shareholders on July 21, 2009.
The companies had each previously set a record date of July 10,
2009, to determine shareholders eligible to vote at their
respective meetings.
On April 8, 2009, Pulte Homes and Centex announced that they had
entered into a definitive merger agreement under which Pulte and
Centex will combine in a stock-for-stock transaction. At the time
of announcement, the transaction was valued at $3.1 billion,
including $1.8 billion of net debt. Under the terms of the
agreement, Centex shareholders will receive 0.975 shares of Pulte
common stock for each share of Centex they own.
About Pulte Homes
Pulte Homes, Inc., based in Bloomfield Hills, Mich., is one of
America�s largest home building companies with operations in 49
markets and 25 states. During its 59-year history, the company has
delivered more than 500,000 new homes. Since 2000, Pulte Homes
operations have earned more top-three finishes than any other
homebuilder in the annual J.D. Power and Associates New-Home
Builder Customer Satisfaction Studysm. Under its Del Webb brand,
Pulte is the nation's largest builder of active adult communities
for people age 55 and older. Its DiVosta Homes brand is renowned in
Florida for its distinctive master-planned communities. Pulte
Mortgage LLC is a nationwide lender offering Pulte customers a wide
variety of loan products and superior service.
Websites: www.pulte.com; www.delwebb.com; www.divosta.com
About Centex
Dallas-based Centex, founded in 1950, is one of the nation's
leading home building companies. Its leading brands include Centex
Homes, Fox & Jacobs Homes and CityHomes. In addition to its
home building operations, Centex also offers mortgage and title
services. Centex has ranked among the top three builders on FORTUNE
magazine's list of "America's Most Admired Companies" for 10
straight years and is a leader in quality and customer
satisfaction.
Website: www.centex.com
Forward-Looking Statements
This document includes �forward-looking statements� within the
meaning of Section�27A of the Securities Act of 1933, as amended,
and Section�21E of the Securities Exchange Act of 1934, as amended.
Such statements may include, but are not limited to, statements
about the benefits of the proposed transaction, including future
financial and operating results, and the combined company�s plans,
objectives, expectations and intentions. These statements are
subject to a number of risks, uncertainties and other factors that
could cause our actual results, performance, prospects or
opportunities, as well as those of the markets we serve or intend
to serve, to differ materially from those expressed in, or implied
by, these statements. You can identify these statements by the fact
that they do not relate to matters of a strictly factual or
historical nature and generally discuss or relate to forecasts,
estimates or other expectations regarding future events. Generally,
the words �believe,� �expect,� �intend,� �estimate,� �anticipate,�
�project,� �may,� �can,� �could,� �might,� �will� and similar
expressions identify forward-looking statements, including
statements related to expected operating and performing results,
planned transactions, planned objectives of management, future
developments or conditions in the industries in which we
participate and other trends, developments and uncertainties that
may affect our business in the future.
Such risks, uncertainties and other factors include, among other
things: the failure of Centex�s stockholders to approve the merger
agreement; the failure of Pulte�s shareholders to approve either
the charter amendment or the issuance of shares in the merger; the
possibility that the proposed transaction does not close, including
due to the failure to satisfy the closing conditions; the
possibility that the expected efficiencies and cost savings of the
proposed transaction will not be realized, or will not be realized
within the expected time period; the risk that the Pulte and Centex
businesses will not be integrated successfully; disruption from the
proposed transaction making it more difficult to maintain business
and operational relationships; interest rate changes and the
availability of mortgage financing; continued volatility in, and
potential further deterioration of, the debt and equity markets;
competition within the industries in which Pulte and Centex
operate; the availability and cost of land and raw materials used
by Pulte and Centex in their homebuilding operations; the
availability and cost of insurance covering risks associated with
Pulte�s and Centex�s businesses; shortages and the cost of labor;
adverse weather conditions which may slowdown the construction of,
or damage, new homes built by Pulte or Centex; slow growth
initiatives and/or local building moratoria; the ability to utilize
net operating losses, built-in losses and other tax credit
carryforwards; governmental regulation, including the effects from
the Emergency Economic Stabilization Act, the American Recovery and
Reinvestment Act and the interpretation of tax, labor and
environmental laws; changes in consumer confidence and preferences;
terrorist acts and other acts of war; and other factors of
national, regional and global scale, including those of a
political, economic, business and competitive nature. See Pulte�s
and Centex�s Annual Reports on Form 10-K and Annual Reports to
Stockholders for the fiscal years ended December�31, 2008 and
March�31, 2009, respectively, and other public filings with the
Securities and Exchange Commission (the �SEC�) for a further
discussion of these and other risks and uncertainties applicable to
our businesses. Neither Pulte nor Centex undertakes any duty to
update any forward-looking statement whether as a result of new
information, future events or changes in our respective
expectations.
Additional Information
In connection with the proposed transaction Pulte has filed with
the SEC a registration statement on Form S-4 that includes a
preliminary joint proxy statement of Pulte and Centex that also
constitutes a prospectus of Pulte. At the appropriate time, Pulte
and Centex will mail the definitive joint proxy
statement/prospectus to their respective shareholders. Before
making any voting or investment decision, investors are urged to
read the definitive joint proxy statement/prospectus when it
becomes available because it will contain important information
about the proposed transaction. You may obtain copies of all
documents filed with the SEC regarding this transaction, free of
charge, at the SEC�s website at www.sec.gov, by accessing Pulte�s
website at www.pulte.com under the heading �Investor Relations� and
from Pulte by directing a request to Pulte Homes, Inc., 100
Bloomfield Hills Parkway Suite 300, Bloomfield Hills, Michigan
48304, Attention: Investor Relations, and by accessing Centex�s
website at www.centex.com under the heading �Investors� and from
Centex by directing a request to Centex Corporation Investor
Relations, P.O. Box 199000, Dallas, Texas 75219-9000.
Pulte and Centex and their respective directors and executive
officers and certain other members of management and employees may
be deemed to be participants in the solicitation of proxies in
respect of the proposed transaction. You can find information about
Pulte�s directors and executive officers in its definitive proxy
statement filed with the SEC on April 7, 2009. You can find
information about Centex�s directors and executive officers in its
definitive proxy statement filed with the SEC on June 6, 2008.
Other information regarding the participants in the proxy
solicitation and a description of their direct and indirect
interests, by security holdings or otherwise, will be contained in
the definitive joint proxy statement/prospectus and other relevant
materials to be filed with the SEC when they become available. You
can obtain free copies of these documents from Pulte and Centex
using the contact information above.
Centex (NYSE:CTX)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Centex (NYSE:CTX)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024
