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Friday, December 26, 2008
A Buyout for New Home Builder TOUSA by Standard Pacific Homes?
Discussions are underway for a possible merger/buyout of TOUSA (Engle Homes, etc.) a new home builder with local presence in Live Oak Preserve. Tousa filed for bankruptcy earlier this year. FULL STORY
so one almost bankrupt builder buys a bankrupt builder. Not sure how there is anything positive in that.
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