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Stock Market & Financial Investment News

News Breaks
August 25, 2014
07:04 EDTPHMPulteGroup acquires Dominion Homes real estate assets
PulteGroup announced that it has acquired the real estate assets of Dominion Homes. Financial terms for the transaction were not disclosed. The acquired Dominion assets, which serve entry-level and move-up buyers, include 27 open communities in Columbus, 11 open communities in Louisville and three open communities in Lexington. The company said, "We expect this transaction to be accretive to earnings and overall returns on invested capital, while recording little, if any, goodwill."
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