Millrose Properties Completes Lennar Share Exchange

Reuters12-01

<a href="https://laohu8.com/S/MRP">Millrose Properties</a> Completes Lennar Share Exchange

Millrose Properties Inc. has announced the completion of a significant corporate reorganization following the strategic spin-off from Lennar Corporation. As part of this process, Lennar distributed approximately 80% of Millrose shares to its stockholders, temporarily retaining 20%. The reorganization included a recently completed exchange offer, in which Lennar exchanged its remaining Millrose Class A common stock for Lennar Class A common stock. The offer was met with strong market interest, being significantly oversubscribed, with stockholders tendering around 11 times the available shares for exchange. This marks a key milestone in Millrose's evolution as an independent public company, broadening its shareholder base and enhancing liquidity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Millrose Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251201565988) on December 01, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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