General Contractors & Builders M&A » By The Online Investor Staff, updated Wed., Apr. 14, 4:14 PM
Recent mergers and acquisitions in the General Contractors & Builders M&A category.
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Slide #5. 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 for the first-time and first move-up buyers. Co. also operates a financial services segment which provides title and escrow, mortgage, and insurance services. Carefree Title Agency, Inc., Co.'s title company, provides title insurance and closing/settlement services 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.
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Avg. Broker Rec.
 
|
Buy (2.57 out of 4) 10th percentile
(ranked lower than approx. 90% of all stocks covered)
Analysts' Target Price: MTH Stock Forecast Based on Zacks ABR data; powered by Xignite |
