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Builder takeovers loom as sales slump, Citigroup says

Posted on 19 August 2010

From Bloomberg: Homebuilder takeovers may increase as tumbling demand for new houses and a faltering U.S. economic recovery spur companies to consolidate to gain market share, according to Citigroup Inc.
Ryland Group Inc., Meritage Homes Corp. and Beazer Homes USA Inc. are the most likely acquisition targets, Josh Levin, a New York-based analyst, wrote in a note to clients today……………………………………….Full Article: Source

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