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PennyP1cker

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PennyP1cker

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Friday, 02/16/2018 4:27:58 PM

Friday, February 16, 2018 4:27:58 PM

Post# of 125
Brian Bandell
American City Business Journals•February 14, 2018

Lennar Corp. has reclaimed its spot as the nation’s largest homebuilder after completing the acquisition of CalAtlantic Group. Miami-based Lennar (LEN) and Virginia-based CalAtlantic (CAA) both received shareholder approval for the merger on Monday. Each share of CalAtantic may be exchanged for either 0.885 shares of Lennar or $48.26 in cash.

Sentiment: BUY
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