Meritage Homes Buys Phillips Builders, No Terms Disclosed

Meritage Homes Corporation (NYSE: MTH ), a leading U.S. homebuilder, today announced its entry into the Nashville, Tennessee, market through the acquisition of the assets and operations of Phillips Builders. The Phillips family has built more than 20,000 homes in Nashville since 1952, spanning three generations. Phillips sells homes that range from approximately $175,000 to