Builder Meritage Homes announces plans to issue additional stock

Meritage Homes Corporation, a publicly traded U.S. homebuilder, has announced plans to issue 2.2 million shares of common stock. As part of the proposed offering, the company has given underwriters of the offering a 30-day option to purchase up to 330,000 additional shares.

At 8:30 a.m. this morning, Meritage Homes Corp.’s stock was priced at $47.30 per share.

Source: Marketwired