Centex Stockholders Approve Increase in Authorized Shares; Vote Paves Way for Company's Previously Announced 2-for-1 Stock Split
2004年2月25日 - 11:16PM
PRニュース・ワイアー (英語)
Centex Stockholders Approve Increase in Authorized Shares; Vote
Paves Way for Company's Previously Announced 2-for-1 Stock Split
DALLAS, Feb. 25 /PRNewswire-FirstCall/ -- Centex Corporation
announced at a special stockholders' meeting held today that its
stockholders have approved a proposal to amend the company's
charter to increase Centex's authorized common stock from 100
million shares to 300 million shares. The approval of this proposal
paves the way for the company to effect a two-for-one stock split
in the form of a 100 percent stock dividend on March 12, 2004 for
stockholders of record as of February 29, 2004. Centex's
stockholders also approved proposals to merge 3333 Holding
Corporation (Holding Corp.) and Centex Development Company, L.P.
(CDCLP) with Centex subsidiaries and terminate the tandem trading
relationship of Centex's common stock with Holding Corp.'s and
CDCLP's securities. The mergers will become effective at the close
of business on Feb. 29, 2004. For their beneficial interests in
Holding Corp. and CDCLP, Centex Corporation stockholders of record
on Feb. 29, 2004 will receive an amount equal to $0.02 per share of
Centex common stock, payable on March 10, 2004. Through its
subsidiaries, Dallas, Texas-based Centex is one of the nation's
leading single-family home builders, non-bank-affiliated retail
mortgage originators and general building contractors and also has
operations in home services and investment real estate.
Forward-Looking Statements. This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, Section 21E of the Securities Exchange Act
of 1934 and the Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by the context of the
statement and generally arise when the Company is discussing its
beliefs, estimates or expectations. These statements are not
guarantees of future performance and involve a number of risks and
uncertainties. Actual results and outcomes may differ materially
from what is expressed or forecast in such forward-looking
statements. The principal risks and uncertainties that may affect
the Company's actual performance and results of operations include
the following: generaleconomic conditions and interest rates; the
cyclical and seasonal nature of the Company's businesses; adverse
weather; changes in property taxes and energy costs; changes in
federal income tax laws and federal mortgage financing programs;
governmental regulation; changes in governmental and public policy;
changes in economic conditions specific to any one or more of the
Company's markets and businesses; competition; availability of raw
materials; and unexpected operations difficulties. Other risks and
uncertainties may also affect the outcome of the Company's actual
performance and results of operations. CPLBF DATASOURCE: Centex
Corporation CONTACT: Leldon E. Echols, Executive Vice President
& Chief Financial Officer, or Matthew G. Moyer, Vice President
- Investor Relations, both of Centex Corporation, +1-214-981-5000
Web site: http://www.centex.com/
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