Wednesday, May 23, 2007

KB Home to sell French unit stake for $738 million

(Reuters) - The purchase price consists of 50.17 euros per share in cash to be paid by PAI to KB Home after payment of a cash dividend of 4.83 euros per share by Kaufman & Broad. The total payment is 55 euros per share , or about $810 million including the dividend.




Kaufman & Broad designs and builds apartments, single family homes and some office properties.


Read more at Reuters.com Business News

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