Hovnanian (HOV) Up On Takeover Speculation
Up)
Shares of Hovnanian Enterprises Inc. (NYSE: HOV) are higher today on rumors the homebuilder could be the next builder to be acquired. Shares are up 11.8% mid-day on volume that is more than 2x the normal already.
Since Pulte Homes (NYSE: PHM) agreed to buy Centex (NYSE: CTX) in April, there has been all types of speculation on who could be next. Now with signs that the new home business has hit a bottom, this talk has increase.
Hovnanian Enterprises, Inc. engages in homebuilding and financial services businesses in the United States.
Since Pulte Homes (NYSE: PHM) agreed to buy Centex (NYSE: CTX) in April, there has been all types of speculation on who could be next. Now with signs that the new home business has hit a bottom, this talk has increase.
Hovnanian Enterprises, Inc. engages in homebuilding and financial services businesses in the United States.
You May Also Be Interested In
- Barclays on Cooper (CBE)/Eaton (ETN) Deal: Industry Implications - Is Hubbell (HUB-B) Up Next?
- Shares of Hovnanian Enterprises Inc. (HOV) Ending At Session Highs on Homebuilder Confidence
- Hovnanian Enterprises Announces Second Quarter Fiscal 2012 Earnings Release and Conference Call
Create E-mail Alert Related Categories
RumorsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
