NEW YORK, April 20, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the board of directors of Centex Corporation ("Centex" or the "Company") (NYSE:CTX) arising out of their attempt to sell the Company to Pulte Homes ("Pulte"). Under the terms of the proposal, Centex shareholders will receive 0.975 shares of Pulte stock for each share of Centex they own, or $10.50 per share based on the April 7, 2009 closing price of Pulte stock. The transaction is unfair given that, among other things, the Company's shares traded above $12.40 per share as recently as January 8, 2009 and the Company has a book value in excess of $10.50 per share.
If you own common stock in Centex and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/ctx.html
L&K has experience in prosecuting investor securities litigation and an extensive practice in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.