SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
April 14, 1998
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(Date of Report--Date of Earliest Event Reported)
D. R. Horton, Inc.
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-14112 75-2386963
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(State or Other Jurisdiction) (Commission (IRS Emplyer
of Incorporation) File Number) Identification No.)
1901 Ascension Boulevard, Suite 100, Arlington, Texas 76006
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(Address of Principal Executive Offices)
(817) 856-8200
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
Item 5. Other Events.
On April 14, 1998, D. R. Horton, Inc. (the "Registrant") announced that the
exchange ratio for the merger of Continental Homes Holding Corporation
("Continental") into Registrant had been established. The ratio, which assumes
the merger will occur on April 20, 1998, is 2.25 shares of Registrant's Common
Stock, par value $.01 per share, for each share of Continental Common Stock, par
value $.01 per share. Registrant's and Continental's respective stockholder
meetings will be held on Monday, April 20, 1998. If approved, the merger is
expected to occur on the same day.
The announcement was made by means of a news release attached hereto as Exhibit
99.1 and incorporated herein by reference.
<PAGE>
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99.1 News release dated April 14, 1998.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: April 14, 1998
D. R. Horton, Inc.
By: /s/ Charles N. Warren
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Charles N. Warren
Senior Vice President
[GRAPHIC OMITTED]
Exhibit 99.1
PRESS RELEASE
FOR MORE INFORMATION CONTACT: David J. Keller, EVP
ADDRESS: 1901 Ascension Blvd., Suite 100, Arlington, TX 76006
PHONE: (817) 856-8200
DATE: April 14, 1998 FOR IMMEDIATE RELEASE
D.R. HORTON, INC./CONTINENTAL HOMES EXCHANGE RATIO DETERMINED
ARLINGTON, TEXAS -- D.R. Horton, Inc. (NYSE:DHI) and Continental Homes
Holding Corp. (NYSE:CON) Tuesday (April 14, 1998) announced the exchange ratio
for their proposed merger has been established under terms of the merger
agreement. The ratio, which assumes the merger will occur on April 20, 1998, is
2.25 shares of Horton Common Stock, par value $ .01 per share, for each share of
Continental Common Stock, par value $ .01 per share.
D.R. Horton, Inc. and Continental Homes respective stockholder meetings
will be held on Monday, April 20, 1998. If approved, the merger is expected to
occur on the same day.
WEBSITE ADDRESS: http://www.DRHORTON.com
