Construction M&A » By The Online Investor Staff, updated Tue., Jan. 26, 3:58 AM
Recent mergers and acquisitions in the Construction M&A category.
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Slide #56. Meritage Homes Corporation — Phillips Builders
Acquirer:
Meritage Homes Corporation (NYSE:MTH)
Acquiree:
Phillips Builders
Details:
Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, today announced its entry into the Nashville, Tennessee, market through the acquisition of the assets and operations of Phillips Builders.
Meritage Homes is a holding company. Through its subsidiaries, Co. is engaged in designing and building single-family homes. Co. provides homes that are designed with a focus on first-time and first move-up buyers. Co. also operates a title company, Carefree Title Agency, Inc. (Carefree Title). Carefree Title's core business includes title insurance and closing/settlement services Co. provides to its homebuyers. Co. operates an insurance broker, Meritage Homes Insurance Agency (Meritage Insurance). Meritage Insurance works in collaboration with insurance companies to provide homeowners insurance and other various insurance products to its homebuyers in the markets where Co. builds homes.
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Avg. Broker Rec.
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Buy (3.00 out of 4) 30th percentile
(ranked lower than approx. 70% of all stocks covered)
Analysts' Target Price: MTH Stock Forecast Based on Zacks ABR data; powered by Xignite |
