ASSET PURCHASE AGREEMENT by and among ROLLINS HT, INC. CENTEX HOME SERVICES, LLC HOMETEAM PEST DEFENSE, INC. and HOMETEAM PEST DEFENSE, LLC As of March 28, 2008Asset Purchase Agreement • April 1st, 2008 • Rollins Inc • Services-to dwellings & other buildings • Delaware
THIS ASSET PURCHASE AGREEMENT (this “Agreement”), dated as of March 28, 2008, is made and entered into by and among ROLLINS HT, INC., a Delaware corporation (“Purchaser”), CENTEX HOME SERVICES COMPANY, LLC, a Nevada limited liability company (“Shareholder”), HOMETEAM PEST DEFENSE, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Shareholder (“HTPD LLC”), and HOMETEAM PEST DEFENSE, INC., a Nevada corporation and a wholly-owned subsidiary of Shareholder (“HTPD Inc.”, and together with HTPD LLC and Shareholder, each a “Seller”, and collectively, “Sellers”). Purchaser and Sellers are sometimes individually referred to herein as a “Party” and collectively as the “Parties”.
ROLLINS AGREES TO PURCHASE HOMETEAM PEST DEFENSE FROM CENTEXPurchase • April 1st, 2008 • Rollins Inc • Services-to dwellings & other buildings
ATLANTA/DALLAS, MARCH 31, 2008 —Rollins, Inc. (NYSE: ROL) has entered into a definitive purchase agreement with subsidiaries of Centex Corporation (NYSE: CTX) to acquire, through the purchase of assets, its pest control business, HomeTeam Pest Defense. The purchase price will be paid in cash and is expected to be approximately $137 million. The closing of the transaction is expected in early April, subject to the satisfaction of customary conditions.
