Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (60010)	10/30/2017 9:09:51 AM
From: E_K_S	Respond to of 78691

CalAtlantic Group, Inc. (CAA) Home builders Lennar, CalAtlantic to merge in $9 billion deal they plan to merge in a deal worth about $9.3 billion, including $3.6 billion in assumed net debt. Each CalAtlantic share will be exchanged for 0.885 share of Lennar Class A common stock in a move that values CalAtlantic shares at $51.34, a 27% premium to where they closed Friday ---------------------------------- Looks like Lennar sees the value in CAA. Also undervalued by Grahmn No. w/ fair value at $54/share still under the merger exchange offer. EKS