WS Investor
20 Nov 2025, 21:04
Lennar Announces Final Exchange Ratio in Millrose Stock Swap
Lennar Corporation (NYSE: LEN, LEN.B) set a final exchange ratio of 4.1367 for its offer to swap up to 33.3 million Millrose Properties (NYSE: MRP) Class A shares for Lennar Class A shares. For each Lennar share tendered and accepted, shareholders will receive 4.1367 Millrose shares.
If fully subscribed, Lennar can exchange up to about 8.05 million of its Class A shares. The offer, which may be subject to proration if oversubscribed, expires at midnight on November 21, 2025 in New York.
Lennar Corporation (NYSE: LEN, LEN.B) set a final exchange ratio of 4.1367 for its offer to swap up to 33.3 million Millrose Properties (NYSE: MRP) Class A shares for Lennar Class A shares. For each Lennar share tendered and accepted, shareholders will receive 4.1367 Millrose shares.
If fully subscribed, Lennar can exchange up to about 8.05 million of its Class A shares. The offer, which may be subject to proration if oversubscribed, expires at midnight on November 21, 2025 in New York.
