The merger, which makes CalAtlantic into a wholly-owned subsidiary of Lennar, was overwhelmingly approved today by both companies' stockholders, Lennar said in a statement. The merger means Lennar will be the largest homebuilder in the United States based on revenues, the company said.
In this way, did Lennar buy CalAtlantic?
Lennar to buy CalAtlantic, forming largest home builder in the US. Lennar said it would buy smaller rival CalAtlantic in a stock-and-cash deal valued at about $9.3 billion, including debt, to create the largest home builder in the United States.
Also, when did Lennar buy CalAtlantic?
CalAtlantic Group, Inc. The company built homes for more than 113,000 families during its 46-year history. In February 2018, the company was acquired by Lennar Corporation.
Who did Lennar merger with?
Are Lennar Homes Good?
Good quality for a production builder. We had a great experience with Lennar and their entire customer service employees while building our home in Utah. Amazing workmanship, high quality material, and amazing service throughout the building process!