Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of CalAtlantic Group Inc (NYSE: CAA) acted responsibly on behalf of investors’ profitability in the planned $9.3 billion sale to Lennar Corporation (NYSE: LEN).

On October 30, 2017, CalAtlantic Group Inc (NYSE: CAA) and Lennar Corporation (NYSE: LEN) announced that they had entered into a merger agreement. Under the terms of the merger agreement, CalAtlantic shareholders may elect to receive cash, stock, or a combination of cash and stock for their shares. Specifically, 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.

Based in Arlington, Virginia, and founded in 1965 CalAtlantic Group Inc builds single-family attached and detached homes in the United States.

The investigation focuses on whether NYSE: CAA investors received the highest price and whether the directors of CalAtlantic Group Inc acted in the best interest of CalAtlantic Group Inc company and its shareholders.   

If you purchased CalAtlantic Group Inc (NYSE: CAA) prior to October 30, 2017, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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