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:
https://investors.lennar.com/financials/sec-filings
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.
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: https://www.iclub.com/support/kb/default.asp?page=normal_merger
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.
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.
