Miami-based Lennar is offering a cash-and-stock deal for Bonita Springs-based WCI, but there's room for competing offers.
September 22, 2016 at 10:00 AM
1 minute read
Real estate developer WCI Communities Inc. may be turning into a hot property itself.
The company announced Thursday that it’s agreed to sell itself to Miami-based Lennar Corp. for about $809 million including debt. It’s not terribly surprising that a buyer is swooping in for WCI, said Bloomberg Intelligence analyst Drew Reading.
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