Calatlantic (CAA) and Lennar (LEN and LEN.B) Merger


Lennar completed its merger with Calatlantic on 2/13/2017. Calatlantic shareholders received 2 classes of Lennar shares in the merger.
The SEC filing for this merger can be found through the Lennar web site at:
Choose the S-4A filing of 11/22/2017.


While this merger is a simple merger because 2 different classes of Lennar shares were received it is easier to enter by splitting the transaction into 2 parts. The first part is a merger followed by a spinoff of the 2nd class of Lennar shares.  The information below is based on the information available from the S-4A filed with the SEC. Price information is from websites offering historical prices.

 The Merger Entry

Go to Transactions > Merger or Accounting > Securities > Record merger of securities depending on the version of the software being used. If you are unfamiliar with merger transactions you can get help at this URL:


Here is the information you need to complete the merger portion of this transaction.

Date: 2/12/2017

Old Security or Merging Company: Cisatlantic (CAA)

Price per share of old Security / CAA:  Use price from last valuation date

Cash received:  See your broker statement for cash-in-lieu

New Security: Lennar (LEN)

Shares received : .885 x (#of CAA shares owned)

            (Remember to include fractional shares.)

 For example, if you owned 100 CAA shares, you should receive .885 x 100 = 88.5 LEN shares.

Save the transaction and the merger has been entered.


Accounting for receiving the second class of Lennar shares.

Enter a spinoff transaction of the Lennar class B shares (LEN.B) shares from Lennar (LEN).

Date: 2/13/2017

Parent Company: Lennar (LEN)

Choose Remaining Basis Percentage and enter 98.41

New Company: Lennar class B (LEN.B)

Number of shares of LEN.B received:  0.0177 x (# CAA shares owned)

For example, if you owned 100 CAA shares, you should receive .0177 x 100 = 1.77 LEN.B shares.

Cash Received: Enter the cash-in-lieu received as per your broker statement

Submit the transaction and you are finished with all transactions related to this merger.