Will KB Home Ditch Its French Unit?

Shares in the homebuilder climbed Friday after it said it is evaluating an offer of $783 million for its Kaufman & Broad SA subsidiary

Will KB Home (KBH) say au revoir to its French subsidiary? The Los Angeles homebuilder said on May 11 that it has received an offer of €53.13 per share to purchase the 10.9 million shares it owns in its French unit Kaufman & Broad SA (KBH.PA).

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