WCI Communities Announces Definitive Merger Agreement with Lennar Corp for nearly $643 Mln

Industry:    2016-09-26

WCI Communities Inc

* WCI Communities announces definitive merger agreement with Lennar Corporation for approximately $643 million

* Transaction would include a portfolio of owned or controlled land totaling approximately 14,200 home sites

* Transaction would be in form of a merger of WCI and a newly formed Lennar subsidiary

* Says WCI will undertake a 35-day “go-shop” period Source text for Eikon: Further company coverage:

 

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