United States

Lennar Corp (LEN)

LEN on New York Consolidated

17 Feb 2017
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$0.28 (+0.61%)
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Fri, Jan 13 2017

BRIEF-Eminence Capital LP reports 5.2 pct passive stake in Lennar as of Jan 3, 2017

* Eminence Capital LP reports 5.2 percent passive stake in lennar corp as of january 3, 2017 - sec filing Source text (http://bit.ly/2jFYn8T) Further company coverage:

Lennar profit beats as housing market shows steady recovery

Lennar Corp , the No. 2 U.S. homebuilder, reported higher-than-expected quarterly profit and revenue and said the housing market continued to make a "slow and steady recovery."

BRIEF-WCI Communities provides update on Lennar merger agreement

* WCI Communities announces expiration of "go-shop" period under merger agreement

BRIEF-Lennar announces final close of $2.2 bln Lennar multifamily venture

* LMC, its wholly owned subsidiary, received an additional $250 million commitment to its Lennar Multifamily venture Source text for Eikon: Further company coverage:

Homebuilder Lennar to buy WCI for $643 million to expand in Florida

Lennar Corp , the No. 2 U.S. homebuilder, said it would buy fellow Florida-based homebuilder WCI Communities Inc for about $643 million, boosting its land bank in one of the fastest improving housing markets in the United States.

UPDATE 2-Homebuilder Lennar to buy WCI for $643 mln to expand in Florida

* WCI has 35 days to shop for a higher offer (Adds details, analyst quote; updates shares)

BRIEF-WCI Communities says co to pay Lennar fee of $22.5 mln upon termination of merger

* Upon termination of merger agreement under specified circumstances, co will be required to pay Lennar Corp a termination fee of $22.5 million.

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

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

U.S. homebuilder Lennar to buy WCI Communities in $643 mln deal

Sept 22 Lennar Corp, the second-largest U.S. homebuilder, said on Thursday it would buy luxury home builder WCI Communities Inc in a deal valued at $643 million.

Lennar cuts margin forecast on higher land, labor costs

Lennar Corp , the second-largest U.S. homebuilder, cut its gross margin forecast for the fourth quarter due to rising land and labor costs, problems that could weigh on rivals such as PulteGroup Inc as well.

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