Pulte Homes was founded in 1950 by an 18 year-old kid with the dream of becoming a home builder in his hometown of Detroit. Bill Pulte's first house sold for $10,000, and his dream has grown by more than 500,000 homes throughout the Company's history. Our three brands, Pulte Homes, Del Webb and DiVosta Homes offer communities and home styles for buyers at every point on the home ownership spectrum, from first homes to urban developments to lifestyle communities for active adults.
On August 18, 2009, Pulte Homes (NYSE: PHM) and Centex Corporation (NYSE: CTX) announced that, at a special meeting of shareholders held today by each company, shareholders overwhelmingly approved the merger of Pulte Homes and Centex. Pulte Homes and Centex received votes representing more than 80% and 72%, respectively, of shares outstanding, with more than 99% of these voted in support of the transaction. Pulte Homes will retain its corporate headquarters in Bloomfield Hills, Michigan.
Common Shares Authorized: 400,000,000
Common Shares Outstanding: 380,367,107 (as of 10-31-09 per 3Qt 10Q)