KB Home (KBH) Still Trading At Discount to Peers, MKM Reiterates Buy

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KB Home (KBH) to Sell 5.5M Common at $18.25/Share

January 24, 2013 6:45 AM EST

KB Home (NYSE: KBH) has agreed to sell an aggregate of 5.5 million shares of its common stock at a public offering price of $18.25 per share (or up to 6.325 million shares if the underwriters exercise their option to purchase additional shares) and $200 million in aggregate principal amount of its 1.375% convertible senior notes due 2019 (or up to $230 million... More