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Hovnanian CEO says not looking at mergers - CNBC

Wed Sep 19, 2007 7:57am EDT

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NEW YORK, Sept 19 (Reuters) - Hovnanian Enterprises Inc. (HOV.N) is "not looking actively right now" at mergers or the possibility of selling the company, Chief Executive Ara Hovnanian said on CNBC Television on Wednesday.

Asked if Hovnanian would consider selling the company to a bigger home builder, Hovnanian said: "We've got a lot of things to do right now, (M&A) is not our primary focus."

Hovnanian's family owns a controlling stake in the company, he added.



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