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.
