NEW YORK--(BUSINESS WIRE)--
The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased CalAtlantic Group Inc. (“CalAtlantic” or the “Company”) (NYSE: CAA) stock prior to October 30, 2017.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of CalAtlantic to Lennar Corp. (NYSE: LEN). Under the terms of the transaction, CalAtlantic shareholders may elect to receive cash, stock, or a combination of cash and stock for their shares. In particular, each CalAtlantic share will be exchanged for 0.885 shares of Lennar Class A common stock (for an approximate value of $51.34 per share) or $48.26 in cash, subject to a maximum cash amount of approximately $1.2 billion. To learn more about the action and your rights, go to:
http://www.zlkdocs.com/CAA-Info-Request-Form-ma-6188
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
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