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Stock Market & Financial Investment News

News Breaks
July 10, 2014
16:04 EDTMTHMeritage Homes to acquire Legendary Communities for $130M
Meritage Homes Corporation announced its definitive agreement to acquire the homebuilding assets and operations of Atlanta-based Legendary Communities for a purchase price of approximately $130M. Legendary is one of the largest privately-held homebuilders operating along the I-85 corridor of the southeastern U.S. with a significant presence in the Atlanta and Greenville-Spartanburg markets, and a position in Charlotte. Both Atlanta and Greenville-Spartanburg will be new markets for Meritage, while Legendary’s Charlotte operations will be combined into Meritage’s existing division there. Legendary was founded in 2009 and builds homes primarily for first and second move-up buyers with base home prices ranging from approximately $120K-$550K. Legendary closed approximately 500 homes and generated approximately $156M of revenue in 2013. As of June 30, Legendary owned or controlled approximately 4,000 home sites.
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September 19, 2014
09:48 EDTMTHSanders Capital reports 10.85% passive stake in Meritage Homes
September 9, 2014
10:10 EDTMTHOn the Fly: Analyst Downgrade Summary
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05:47 EDTMTHMeritage Homes downgraded to Neutral from Overweight at JPMorgan
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