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SEC to Begin Probe of KB Home's Options

Markets | WALL ST. ROUNDUP

August 25, 2006|From Bloomberg News

The Securities and Exchange Commission will start an informal probe of KB Home Corp.'s stock-option practices, the Westwood-based home builder said Thursday.

The inquiry follows the company's disclosure this week that it is conducting an internal review.

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KB Home announced the inquiry after the close of regular trading, where its shares added 65 cents to $41.18.

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