Centex, Pulte get homey. Centex (CTX) and Pulte Homes (PHM) will merge, creating America's...

|About: Centex Corp. (CTX)|By:, SA News Editor
Centex, Pulte get homey. Centex (CTX) and Pulte Homes (PHM) will merge, creating America's largest homebuilder, with Centex shareholders receiving 0.975 shares of Pulte for every Centex share they own. That amounts to $10.50 based on yesterday's close - a 32.6% premium. CTX +23% premarket to $9.37.